---
title: "Lenders' Pre and Post-Petition Liens Trump Vendor's Reclamation Rights Under the Amended Bankruptcy Code"
date: 2007-01-30T00:00:00-05:00
author: Import Bot
canonical_url: "https://www.kelleydrye.com/viewpoints/client-advisories/lenders-039-pre-and-post-petition-liens-trump-vendor-039-s-reclamation-rights-under-the-amended-bankruptcy-code"
section: Client Advisories
---
# Lenders’ Pre and Post-Petition Liens Trump Vendor’s Reclamation Rights Under the Amended Bankruptcy Code

  January 30, 2007

Kelley Drye Client Advisory

 

 

 

 

 

 

Kelley Drye’s [Bankruptcy and Restructuring](/Our-Practices/Transactional/Bankruptcy-and-Restructuring) Practice Group has prepared a client advisory regarding the Delaware Bankruptcy Court’s decision in In re Advanced Marketing Systems, Inc. (Simon & Schuster, Inc. v. Advanced Marketing Systems, Inc.). The Court in that case determined that a secured lender’s pre and post-petition liens are superior to a vendor’s reclamation rights. This decision is one of the first opinions interpreting the newly amended section of the Bankruptcy Code addressing vendor’s reclamation rights.

 

 

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