The strategy of acquiring distressed assets by purchasing secured claims is aided by a recent Supreme Court opinion *

USA - July 31 2012
In a recent opinion, the Supreme Court unanimously affirmed a secured lender's right to credit-bid at a bankruptcy sale of assets encumbered by such lender's liens.

Co-authors: James W. Kapp III.

U.S. Supreme Court enforces secured creditor’s right to credit bid *

USA - May 31 2012
Recently, the Supreme Court of the United States held that a debtor cannot confirm a Chapter 11 “cramdown” plan that provides for the sale of collateral free and clear of a secured creditor’s lien when it denies the secured creditor’s right to credit bid at the auction.