Secured Creditors Secure Win

In a major victory for secured creditors, the United States Supreme Court unanimously held that a Chapter 11 plan involving a sale of secured property free and clear of a creditor's lien must afford the secured creditor the right to credit bid for the property under section 363(k) of title 11 of the United States Code. In so holding, the Court resolved the split that had emerged among the United States Circuit Courts of Appeals.

20 minute readJune 26, 2012 at 02:50 PM
By
Alan Lepene, Andrew L. Turscak, Jr.,
James Henderson
Secured Creditors Secure Win

In a major victory for secured creditors, the United States Supreme Court unanimously held that a Chapter 11 plan involving a sale of secured property free and clear of a

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