Credit Bidding Rights Again Limited 'for Cause'

, New York Law Journal


In their Bankruptcy Practice column, John J. Rapisardi and Joseph Zujkowski review recent decisions that demonstrate the risks inherent in distressed investors employing a strategy to acquire secured debt as a basis to obtain ownership or control of a debtor's assets and what conduct may result in an impairment of credit bidding rights in a chapter 11 case.

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