Help Center

Recent Trends in the Credit Bidding of Assets and Cross- Border Issues

Hosted by the Young and New Members and International Committees

This panel explores recent cases and trends of credit bidding in chapter 11 cases. Many lenders are now requesting up-front approval of credit bid rights in debtor-in-possession financing orders, which would curtail the bankruptcy court’s ability to modify or limit credit bidding rights under Bankruptcy Code § 363(k) later on when the assets are auctioned. The panel examines recent decisions on credit bidding and what limitations courts have applied to a secured creditor’s right to credit bid in bankruptcy cases. The panel also explores cross-border issues concerning credit bidding on groups of assets that are be owned by foreign entities, and the interplay between courts concerning the sale of these types of assets.

Winter Leadership Conference
2019
Please sign in to access Materials or click here to join ABI.