Magistrate Judge Says Creditor Allowed To Credit-Bid On Bankrupt Company's Assets

Magistrate Judge Says Creditor Allowed To Credit-Bid On Bankrupt Company's Assets

KNOXVILLE, Tenn. - A U.S. magistrate judge in the U.S. District Court for the Eastern District of Tennessee on Jan. 14 ruled that a judgment creditor who wanted to credit-bid on the assets of a bankrupt property management is permitted to do so (Robert T. Stooksbury Jr. v. Michael L. Ross, No. 09-498, Chapter 7, E. D. Tenn.; 2014 U.S. Dist. LEXIS 4379).

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