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Dutch Lien On MD Helicopters’ Factory Denied In Ch. 11

by scceu0290

By Vince Sullivan (May 26, 2022, 7:32 PM EDT) — EDITING — government against bankrupt aviation company MD Helicopters did not attach to the debtor’s manufacturing facility in Arizona, saying state law there classified leasehold interests as personal property rather than real property.

During a Zoom hearing, Judge Karen B. Owens of the U.S. Bankruptcy Court for the District of Delaware said that even though the parties agree that the Dutch have a valid enforceable judgment lien against MD Helicopters that attaches to the debtor’s real property, the debtor only leased the premises in Mesa where its factory sits, and the buildings erected on the site are the property of the…

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