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James E. Bird
Practice Area Chair
Christopher A. Ward
Practice Area Vice Chair
Bankruptcy Report Editor
Sherry K. Dreisewerd
Justin K. Edelson
David D. Ferguson
Daniel J. Flanigan
John J. Hebert
Peter W. Ito
Shanti M. Katona
Monika J. Machen
Mary B. Martin
Jason A. Nagi
Andrew J. Nazar
Thomas J. O'Neal
Wesley D. Ray
Mark W. Roth
Philip R. Rudd
Cristel D. Shepherd
Jean Soh
Terrance M. Summers
Jerry L. Switzer, Jr.
Michael M. Tamburini
Michael W. Zimmerman
To learn more about our Bankruptcy and Financial Restructuring
group or to see a
complete list of our
attorneys,
click here
To learn more about our Creditors Rights, Loan Enforcement and Creditor Bankruptcy Representation
group or to see a
complete list of our
attorneys,
click here
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December 2011 |
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Bankruptcy Report Update: |
U.S. Supreme Court to Resolve Circuit Conflict on Credit Bidding |
By Jerry L. Switzer, Jr. and Sherry K. Dreisewerd |
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In our August 2011 Bankruptcy Report, we reported on the Seventh Circuit's decision in the Matter of River Road Hotel Partners, LLC, et al., 651 F.3d 642, 2011 WL 2547615 (7th Cir. June 28, 2011), which rejected earlier rulings by the Third and Fifth Circuits that a secured creditor did not have a right to credit bid at a sale of assets free and clear of liens under a plan of reorganization. We noted that the debtor in River Road Hotel Partners had filed a petition for a writ of certiorari to the U.S. Supreme Court. In a new development, on December 12, 2011, the Supreme Court granted the debtor's petition for a writ of certiorari, in RadLAX Gateway Hotel, LLC, et al v. Amalgamated Bank, No. 11-166. No dates have been set in the case, but argument is expected to be heard in the . A link to our earlier Report can be found here.
For More Information:
If you have questions or would like more information on this topic, please contact:
or one of our Bankruptcy & Financial Restructuring attorneys. |
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ABOUT POLSINELLI SHUGHART: |
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