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In Gold Coast Asset v. 1441 Veteran Road, the Court of Appeals for the Ninth Circuit regarded a social media cash 's authority to lien strip within a Chapter eleven scenario wherein a program isn't confirmed. 144 F.3d 1288 (9th Cir. 1998). The Gold Coast court located that the rationale used from the United States Supreme Court, in Dewsnup v. Timm, 502 U.S. 410, 417-419 (1992) prohibits lien strips unless the social media cash confirmed a product. Id. at 1293. The Court determined how the lien could, nevertheless, could be stripped with res judicata impact by confirmation of your respective Chapter eleven program.
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