08/15/2011 01:00:00 PM EST
Ancela Nastasi Discusses Credit Bidding and In re River Road HotelPartners, LLC
On this edition, Ancela R. Nastasi of Richards Kibbe & Orbe LLP in New York discusses the background and holding of the 7th Circuit U.S. Court of Appeals in In re River Road Hotel Partners, LLC. She analyzes the implications of the court's ruling upholding the right of a secured lender to credit bid under a plan and the split in authority among several circuits. Copyright© 2011 LexisNexis, a division of Reed Elsevier Inc. All rights reserved. Visit www.lexisnexis.com/community/bankruptcylaw.
Read Emerging Issues Analysis: A Secured Creditor's Absolute Legal Right to Credit Bid (Part 2) by James Lawniczak, comparing the River Road case to Philadelphia Newspapers and Pacific Lumber.