Credit Bidding at Bankruptcy Sales: A Powerful Tool, But Not Absolute
The authors discuss how recent bankruptcy cases may level the credit bidding playing field for lenders by initiating bidding caps during a bankruptcy sale process. They recommend proceeding with caution: Lenders who are overzealous, especially in “loan-to-own” scenarios, may invite accusations of unfair conduct that could undercut their right to credit bid.
May 29, 2014
Bankruptcy Sales | Credit Bidding
ABF Journal