On this edition, Ancela Nastasi, partner in the Restructuring and Bankruptcy Group at Richards Kibbe & Orbe LLP, explains "secured lender," intercreditor agreements, credit bidding, loan to own strategies and cram-down. Copyright© 2010...
Section 510(a) of the
Bankruptcy Code upholds subordination agreements entered into between lenders
prior to bankruptcy but does not operate as a complete bar to lender disputes.
Ambiguity in intercreditor agreements may pose potential problems concerning...