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  • 7th Circuit Reverses; Plan Of Reorganization Must Be Open To Competitive Bids

02/21/2013 01:20:40 PM EST

7th Circuit Reverses; Plan Of Reorganization Must Be Open To Competitive Bids

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LexisNexis® Mealey's™ Bankruptcy Legal News

CHICAGO - A panel of the Seventh Circuit U.S. Court of Appeals on Feb. 14 reversed a bankruptcy court ruling and remanded the case, saying a company's reorganization plan had to be open to competitive bidding (In The Matter Of: Castleton Plaza LP, No. 12-2639, Chapter 11, 7th Cir.).Full story on lexis.com