Email from Cadwalader

From

To

Subject

Email
On April 21, 2022, the U.S. Circuit Court of Appeals for the Seventh Circuit issued a decision interpreting the Bankruptcy Code’s definitions of “statutory lien” and “judicial lien,” holding that a lien imposed by the Chicago Municipal Code was “judicial” rather than “statutory” because it arose partly as the result of a “quasi-judicial” process rather than “solely by force of a statute.” https://www.cadwalader.com/resources/clients-friends-memos/seventh-circuit-provides-rare-guidance-on-statutory-liens