Supreme Court rules on Chapter 11 bankruptcy procedures

The Jurist

The US Supreme Court [official website] ruled unanimously [opinion, PDF] Tuesday in RadLAX Gateway Hotel, LLC v. Amalgamated Bank [SCOTUSblog backgrounder] that debtors are not entitled to a “cramdown” plan including the sale of collateral that avoids a bank’s lien. However, the court ruled that the bank is also… [full story]

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