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Value, Not Face Amount, of Liens Controls in a Battle of Credit Bids

Journal Issue: 
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Cases Discussed 
Supplemental Order Authorizing Sale, In re Bay Circle Properties LLC, Case No. 15-58440, Doc. No. 591, 1-2 (Feb. 14, 2017); Clear Channel Outdoor Inc. v. Knupfer (In re PW LLC), 391 B.R. 25 (B.A.P. 9th Cir. 2008); In re Becker Industries Corp., 63 B.R. 474 (Bankr. S.D.N.Y. 1986); In re Flyboy Aviation Properties LLC, 501 B.R. 828 (Bankr. N.D. Ga. 2013); and In re Atlanta Retail Inc., 456 F.3d 1277 (11th Cir. 2006).
Journal Date: 
Saturday, July 1, 2017
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