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Expert Analysis

Case Study: In Re River East Plaza

Law360, New York (February 2, 2012, 3:04 PM EST) -- The U.S. Court of Appeals for the Seventh Circuit affirmed a bankruptcy court's dismissal of a single asset real estate case on Jan. 19, 2012, reasoning that the debtor's proposed substitute collateral "was not the indubitable equivalent of the [undersecured lender's] mortgage." In re River East Plaza LLC (7th Cir. Jan. 19, 2012) (Posner, J.)....

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