Challenging The 'Pay' In Pay-To-Play
Should those lenders be required to fund pre-petition, § 503(b)(9)  administrative expense claims as well as post-petition expenses incurred to liquidate the collateral?
All across the United States, lenders are saying, “No.” Their position has drawn strong objections, both from § 503(b)(9) claimants, as well as unsecured creditors’ committees.
And, although, there...
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