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Robert & Linda Selden, BK84-2414, Ch. 11

Reported at 58 B.R. 667. By permitting debtor to use & sell collateral, lender waived right to enforce security interest, but the security interest didn't become unperfected nor was waiver cause for stay relief. Waiver also bound the FDIC as receiver

Date: 
Monday, January 27, 1986
Judge: 
Judge Timothy J. Mahoney (Retired)