Pssst, Can You Keep a Secret? Unperfected “Secret” Liens as a Preference Defense

Pidcock v. Mo-Tech Corp. (In re EDC Liquidating), Case No. 14-61086, Adv. No. 15-6060, 2017 Bankr. LEXIS 341 (Bankr. N.D. Ohio Feb. 7, 2017); Precision Walls Inc. v. Crampton,196 B.R. 299 (E.D.N.C. 1996); Johnson Mem. Hosp. Inc. v. New England Radiator Works, 470 B.R. 119 (Bankr. D. Conn. 2012); Off. Comm. of Unsecured Creditors of 360Networks (USA) Inc. v. AAF-Mcquay Inc. (In re 360Networks (USA) Inc.), 327 B.R. 187 (Bankr. S.D.N.Y. 2005); In re Arnett, 731 F.2d 358, 363 (6th Cir. 1984); and Begier v. I.R.S., 496 U.S. 53, 54 (1990).