If a security interest was not perfected at the time of filing for bankruptcy, a bankruptcy trustee cannot take the collateral.

Name: If a security interest was not perfected at the time of filing for bankruptcy, a bankruptcy trustee cannot take the collateral.
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If a security interest was not perfected at the time of filing for bankruptcy, it may be voidable by the bankruptcy trustee and the trustee may be able to take possession of the collateral.

If a Security Interest Was Not Perfected at the Time