Cahill: In re Tracy Broadcasting Corp.: Court Prohibits Bank's Security Interest from Attaching to the Proceeds of a Future Transfer of an FCC Broadcast License During a Chapter 11 Bankruptcy Proceeding | Practical Law

Cahill: In re Tracy Broadcasting Corp.: Court Prohibits Bank's Security Interest from Attaching to the Proceeds of a Future Transfer of an FCC Broadcast License During a Chapter 11 Bankruptcy Proceeding | Practical Law

This Cahill Gordon & Reindel LLP memorandum discusses In re Tracy Broadcasting Corp, the US Bankruptcy Court for the District of Colorado's decision holding that a bank's security interest did not attach to any proceeds received by a debtor's estate in bankruptcy from a future transfer of a license holder's interest in its Federal Communications Commission broadcast license.

Cahill: In re Tracy Broadcasting Corp.: Court Prohibits Bank's Security Interest from Attaching to the Proceeds of a Future Transfer of an FCC Broadcast License During a Chapter 11 Bankruptcy Proceeding

by Cahill Gordon & Reindel LLP
Published on 21 Jan 2011 • Colorado
This Cahill Gordon & Reindel LLP memorandum discusses In re Tracy Broadcasting Corp, the US Bankruptcy Court for the District of Colorado's decision holding that a bank's security interest did not attach to any proceeds received by a debtor's estate in bankruptcy from a future transfer of a license holder's interest in its Federal Communications Commission broadcast license.