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Absolute Priority Rule Corporate Gifts

Cooley LLP

Blog: A Holiday Present from the Third Circuit? The Court of Appeals Uphols a Secured Lender’s “Gift” to General Unsecured...

Cooley LLP on

What better time than the holiday season to discuss “gifting” in the context of chapter 11 cases. “Gifting” commonly refers to the situation where a senior creditor pays (or allocates a portion of its collateral for the...more

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