Firm attorney Camisha L. Simmons’s article “Off-Earth Assets: The Gray Area that Leaves Lenders at Risk in Bankruptcy” was published in the the November 2026 issue of the ABI Journal. This article from the November 2026 issue examines the legal vulnerabilities lenders face when financing companies with assets located in outer space, focusing on gaps in U.S. secured transactions law that leave security interests in off-Earth collateral potentially unperfected. Because UCC Article 9 ties perfection and priority rules to the jurisdiction where collateral is located, and no outer space jurisdiction with governing law exists, lenders asserting liens in off-Earth assets face avoidance risk under Bankruptcy Code § 544(a) strong-arm powers. Read more at https://www.abi.org/abi-journal/off-earth-assets-the-gray-area-that-leaves-lenders-at-risk-in-bankruptcy
