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Credit Bids Supreme Court of the United States Chapter 11

Dechert LLP

SCOTUS' RadLAX Decision Affirms Lenders' Rights to Credit Bid in Chapter 11

Dechert LLP on

May a Chapter 11 plan permit a debtor to auction property free and clear of a creditor’s lien while preventing that creditor from credit-bidding the amount of its debt? A question that split the U.S. Circuit Courts was...more

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