On May 29, the U.S. Supreme Court issued a unanimous decision holding that a debtor cannot obtain confirmation of a Chapter 11 "cramdown" plan that provides for the sale of collateral free and clear of a secured creditor's lien without permitting the lienholder to credit bid at the sale.
TheLegalIntelligencer.com
View this post on my blog: http://onlinefindlawyers.com/find-lawyers/bankruptcy-update-justices-affirm-secured-creditors-right-to-credit-bid.html
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