$300,000+ Medical Machinery Seizure and Lien Invalidation

In early 2015, our client, a second secured creditor behind a lien filed by the debtor, filed suit against a large medical company in Phoenix. In conjunction with local counsel, Kegler Brown orchestrated the successful seizure of a 15,000-pound medical imaging device and, in an effort to liquidate the machine, obtained a declaratory judgment action against the debtor, seeking a declaration that the lien was invalid. By early 2016, the machine was successfully liquidated and our client received in excess of the principal amount owed, allowing them to fully recover interest charges and other fees.