I am attending the National Conference of Bankruptcy
Judges meeting in New Orleans this week. Here are some highlights.
Lawrence P. King Award
The Commercial Law League of America presented the Lawrence P. King Award to
Judge Burton Lifland from the Southern District of New York. In his acceptance...
The U.S. Court of Appeals for the Seventh Circuit has
taken under advisement the latest case involving the now contentious issue of
Judge Bruce Black
of the United States Bankruptcy Court for the Northern District of Illinois
last year refused
to permit the debtors in In re River...
Philly News: Third
Circuit Upholds Bidding Procedures Denying Lenders Opportunity to Credit Bid
By Douglas S. Mintz, Leslie Chervokas and Mark
The Third Circuit Court of Appeals recently affirmed the
District Court's ruling in In re Philadelphia Newspapers, LLC . The Court
of last year's decision on credit bidding by the Third Circuit Court of Appeals
in the Philadelphia Newspapers chapter 11 case welcomed the Seventh Circuit's recent
unanimous opinion in River Road Hotel Partners LLC . The Seventh
Circuit expressly adopted the Judge Tom Ambro's...
The U.S. Supreme Court will rule this term in RadLAX
Gateway Hotel Inc. v. Amalgamated Bank on whether the Bankruptcy Code
permits a debtor in a chapter 11 case to sell encumbered assets without
providing the secured lender an opportunity to credit bid its
debt. Determination of this question will...