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Creditors Credit Bids Supreme Court of the United States

Sands Anderson PC

SCOTUS: Secured Creditors Cannot Be Denied the Right to Credit-Bid

Sands Anderson PC on

On May 29, 2012, the United States Supreme Court decided Radlax Gateway Hotel, LLC v. Amalgamated Bank, ruling that secured creditors cannot be denied the right to credit-bid on the sale of property or assets in the context...more

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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