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ARTICLE · 09 MAY 2014

Top 5: Exotic Collateral

Stites & Harbison PLLC
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don’t know if it is coincidence, but since moving to Kentucky in 2007, I have worked on cases involving much more interesting collateral than earlier in my career.

United StatesInsolvency/Bankruptcy/Re-Structuring
Stites & Harbison PLLC
Stites & Harbison PLLC
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I don't know if it is coincidence, but since moving to Kentucky in 2007, I have worked on cases involving much more interesting collateral than earlier in my career.  In fact, I'm only one collateral-category away from hitting the Kentucky Trifecta of Equine/Coal/Bourbon workouts (sadly, I'm missing the most important one).

I recently polled the lawyers in our creditors' rights and bankruptcy group to work up a list of the most interesting or unique collateral they have dealt with.  As always, the Top 5 is in no particular order:

1. Rare, Live Birds!

My partner Lou Allen nominated a "store inventory of rare, living birds."  Any time your collateral needs to eat, it imposes special praticial considerations that they do not teach you about in law school.  No word if Toucan Sam was involved in this case.

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