By Ben Feder
The U.S. Supreme Court today in Radlax Gateway Hotel, LLC, et al. v. Amalgamated Bank unanimously upheld the right of secured creditors to credit bid their debt upon a sale of their collateral pursuant to a nonconsensual chapter 11 plan of reorganization. As described in numerous prior...
Within the span of a few days, Judge Patrick Higginbotham
of the Fifth Circuit released two decisions which will ease the way for chapter
11 debtors to confirm their plans. In the first decision, the Court definitively
put a stake through the heart of the artificial impairment doctrine, while in