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Expert Analysis

The Importance Of In Re Philadelphia Newspapers

Law360 (December 2, 2009, 2:58 PM EST) -- A recent decision from the Philadelphia Newspapers LLC case addresses an important issue with respect to a debtor's ability (or inability) to extinguish a secured creditor's right to credit bid its secured claim to acquire the debtor's assets (i.e., the secured creditor's collateral) at an auction under a Chapter 11 plan of reorganization....

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