Title

Right to Credit Bid Denied in Philadelphia Newspapers

Created date

3/31/2010
Dow Jones Daily Bankruptcy Review
In a highly anticipated decision, on March 22 a split panel of the 3rd U.S. Court of Appeals affirmed the District Court by holding in In re Philadelphia Newspapers, LLC that a debtor may prohibit its secured creditors from credit bidding at a sale of substantially all of the debtor’s assets conducted pursuant to a Chapter 11 plan of reorganization.
Related Professionals
Related Practices
Related Offices