The Packaging Systems decision is an important lesson for post-petition lenders. First, the decision highlights the risks inherent in obtaining a Section 364(c)(1) super-priority claim given the ever-present risk that the case is later converted to a Chapter 7.
From Government in America: Until the 1970s, committee chairs were always selected through the seniority system; under this system, the member of the majority party with the longest tenure on the committee would automatically be selected.
Steve Womack Named Chairman of the House Budget Committee It is a great honor to be selected as Chairman. I am grateful for the confidence and support of my colleagues as we get started on the next budget resolution. Read More Chairman Womack Statement on CBO Oversight Hearing