Tag Archives: plan of reorganization

RadLAX: Supreme Court Speaks On Credit Bidding

RadLAX Gateway Health Co. v. Amalgamated Bank, __ U.S. __, 132 S. Ct. 2065, 182 L. Ed. 2d 967 (2012) – Undersecured lenders jealously guard their ability to credit bid in a sale of collateral (i.e. lender offsets the amount that … Continue reading

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Syndicated Loans: When Does A No Vote Count As Yes?

In re Rosewood at Providence, LLC, 470 B.R. 619 (Bankr. M.D. Ga. 2011) – Can a syndicated lender control its own destiny in a bankruptcy?  According to Rosewood, the answer is no.  As background, the bankruptcy court explained that multi-lender loans … Continue reading

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