Law360 ( January 3, 2011, 3:14 PM EST) -- In the River Road Hotel Partners LLC Chapter 11 proceeding, a bankruptcy judge in the Northern District of Illinois rejected an attempt to restrict the secured lender's ability to credit bid at a sale of the debtors' assets. In a decision issued on Oct. 5, 2010, Bankruptcy Judge Bruce Black denied the debtors' motion to approve procedures for the sale of substantially all of their assets in connection with a proposed plan of reorganization. The motion had sought to preclude credit bidding both as a matter of law and also "for cause," based on the facts and circumstances of the case....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
A Law360 subscription includes features such as
- Daily newsletters
- Expert analysis
- Mobile app
- Advanced search
- Judge information
- Real-time alerts
- 450K+ searchable archived articles
And more!
Experience Law360 today with a free 7-day trial.