Silver Dollar LLC was organized under Tennessee law and properly filed with the Secretary of State as an LLC. When they began to do business, they opened their store under the assumed name of Silver Dollar Stores. In 2007 they borrowed money from Community Bank and signed a security agreement which the bank filed under the name Silver Dollar Stores. Shortly after they filed for Chapter 7 bankruptcy. The trustee sought to avoid the security agreement based on it having been filed under the assumed name. What is the likely outcome of the challenge by the bank?

  • CreatedSeptember 23, 2015
  • Files Included
Post your question