October 2016
The "Devil's Dictionary" is a quick-reference guide for commercial lenders and other restructuring professionals. In this series, we highlight many of the buzz words found in the Dictionary and used in today's bankruptcy arena.

Mootness Doctrine: 
A rule of law, prevalent in appeals, dictating that litigation stop when events have occurred that would render the outcome of the litigation irrelevant. Designed to prevent the needless use of judicial resources. Also referred to as “equitable mootness,” but, in the view of aggrieved appellants, a more apt term would be “inequitable mootness.”

Bankruptcy Code § 363. See also Absolute Assignment of Rents, Adequate Protection, Assignment of Rents for Security, Cash Collateral in the app

"The Devil's Dictionary" is an excellent reference tool that reflects the collective wisdom of its four authors, Brett Anders, Jim Bird, David Ferguson, and Dan Flanigan, who have a combined total of more than 110 years working in the forefront of real estate and other commercial finance, loan enforcement, financial restructuring and bankruptcy law.