Supreme Court confirms lenders’ rights to credit bid in chapter 11 cramdown plans *

USA - May 30 2012
Yesterday, the United States Supreme Court held that sales of assets pursuant to chapter 11 plans must permit credit bidding by their secured lenders in order to satisfy the requirements for confirmation of a chapter 11 “cramdown” plan.

Co-authors: Carmen Lonstein, Joseph Samet, Christopher W. Besant, David Heroy.

Secured lenders’ right to credit bid in a free and clear sale under a Chapter 11 plan on review by the Supreme cCurt *

USA - April 3 2012
Secured lenders have had long-held expectations of certain protections in the event the borrower files for bankruptcy.

Co-authors: Carmen Lonstein, Joseph Samet, Christopher W. Besant, David Heroy.