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Section 506(a): why “wait-and-see” won’t work to value secured-creditor claims

  • Jones Day
  • -
  • USA
  • -
  • August 1 2012

Section 506(a) of the Bankruptcy Code contemplates bifurcation of a debtor's obligation to a secured creditor into secured and unsecured claims, depending on the value of the collateral securing the debt