Delaware district judge holds that the final bid at auction, not the lender’s last credit bid, fixes the value of the lender’s collateral.
Bankruptcy Judge David Jones finds the Jay Alix Protocol to be ‘completely unnecessary.’
The belief that Section 363(m) is jurisdictional allowed a buyer to profit from taking a misleading position in bankruptcy court.
New York district court upholds a typical critical vendor order.
Sovereign immunity won’t prevent the bankruptcy court from extinguishing a state’s easement over a debtor’s property.