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Home / Case Digests / 99-1119 National Operating, L.P., v. Mutual Life Ins. Co., et al.

99-1119 National Operating, L.P., v. Mutual Life Ins. Co., et al.

The debtor and the secured party engaged in a series of multi-million dollar financing transactions. The declaratory judgment was issued by default; it does not acknowledge and then confirm, in specific terms, a waiver of debtor's right to redeem collateral upon payment of the loan, nor does it make any specific reference to extinguishing rights ...

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