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Searching Content indexed under Accounting and Audit by Abhilash Raval ordered by Published Date Descending.
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Contractual Subrogation In Bankruptcy And The Right To Vote
A US District Court recently issued an opinion holding that a provision in an intercreditor agreement subrogating a senior lender to the rights of a junior lender extends to the right of such junior lender to vote on a chapter 11 plan of reorganisation in the borrower’s bankruptcy case.
United States
14 Oct 2011
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Seventh Circuit Affirms Bankruptcy Court Ruling That Sale Of Assets Through Plan May Not Use "Indubitable Equivalent" Standard To Prevent Secured Creditors From Credit Bidding
The Seventh Circuit recently issued an opinion1 in the bankruptcy case of River Road Hotel Partners, LLC disagreeing with the Third Circuit’s holding in In re Philadelphia Newspapers, LLC2 regarding a free-and-clear sale of assets under a Chapter 11 plan that denied a secured creditor the right to credit bid.
United States
10 Oct 2011
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