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What goes up … a quick glance at Ohio oil and gas leases in bankruptcy

USA - March 5 2013 As Ohio enjoys its latest boom in oil and gas exploration, it is important to understand how oil and gas leases are treated in bankruptcy. Unsettled…

Secured lenders have a right to credit bid in bankruptcy -- at least in the Seventh Circuit

USA - August 2 2011 Breaking with the Third Circuit and the Fifth Circuit, on June 28, 2011, the Seventh Circuit held that a debtor's plan of reorganization that provides for the sale of the debtor's assets free and clear of an existing security interest may only be confirmed over the objection of its secured creditor if the plan's sale procedure permits the secured creditor to credit bid its secured debt for the assets being sold.