Rick D. Lange, Chapter 7 Trustee v. Mutual of Omaha Bank (In re Negus-Sons, Inc.), Ch. 7, BK09-82518-TJM, A10-8064-TJM
The holder of a blanket lien on assets authorized a subsequent lender to file U.C.C. termination statements which rendered its financing statements ineffective and caused it to lose its lien priority vis-à-vis the trustee and junior lienholders.