Legal Opinion
Tracy Broadcasting Corporation v. Spectrum Scan, LLC
Court of Appeals for the Tenth Circuit
Decided October 16, 2012No. 11-1453PublishedCited by 6 opinions
1Opinion of the Court
HARTZ, Circuit Judge.
Does a creditor with a security interest in the general intangibles (and their proceeds) of a federally licensed broadcasting company have a priority over unsecured creditors in the proceeds of the sale of the license after the company declares bankruptcy? The bankruptcy court and the district court held that it did not. We respectfully disagree. Federal law permits a licensee to grant a security interest in the economic value of its license, and Nebraska law recognizes that a security interest in the proceeds of a license sale attaches when the licensee enters into the…
2Cases cited9 opinions
- Chevron U. S. A. Inc. v. Natural Resources Defense Council, Inc.Supreme Court of the United States · 1984
- Butner v. United StatesSupreme Court of the United States · 1979
- Travelers Casualty & Surety Co. of America v. Pacific Gas & Electric Co.Supreme Court of the United States · 2007
- United States v. CraftSupreme Court of the United States · 2002
- Miller v. Deutsche Bank National Trust Co.Court of Appeals for the Tenth Circuit · 2012
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3Cited by6 opinions
- In re PurcellUnited States Bankruptcy Court, D. Kansas · 2017
- Advanced Coatings, International, Inc. v. Johnson (In re Johnson)United States Bankruptcy Court, D. Colorado · 2013
- Ute Mesa Lot 1, LLC v. First-Citizens Bank & Trust Co.Court of Appeals for the Tenth Circuit · 2013
- In re Circle 10 Restaurant, LLCUnited States Bankruptcy Court, D. New Jersey · 2014
- Bank of America v. United States Bankruptcy Court for the District of Kansas - Kansas CityBankruptcy Appellate Panel of the Tenth Circuit · 2020
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