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The debate continues: The Seventh Circuit upholds credit bidding in a "free and clear" plan sale

• Morrison & Foerster LLP
• -
• USA
• -
• July 18 2011

In a decision that is expected to have wide-ranging implications for secured lenders and reorganization plan sales nationwide, the Seventh Circuit’s June 28, 2011 opinion in In re River Road marks a jurisdictional split on the contours of credit bidding in bankruptcy