skip to main content

A top-notch restructuring group, capable of handling the biggest and the most difficult restructuring from either company side or creditors’ side.

- Chambers USA, Band 1 Bankruptcy/Restructuring (Nationwide and NY)

Supreme Court Holds Secured Creditor Has Absolute Right to Credit Bid at a Plan Sale

Whether a secured creditor has an absolute right to credit bid at a sale under a chapter 11 plan has been the subject of conflicting decisions rendered by the Third, Fifth and Seventh Circuits. The United States Supreme Court has resolved these inconsistent rulings with a decision which affirmed the Seventh Circuit's holding that a secured creditor has an absolute right to credit bid in a sale under a chapter 11 plan.

» Read the memo

© 2024 Paul, Weiss, Rifkind, Wharton & Garrison LLP

Privacy Policy