Law360 ( February 22, 2011, 1:02 PM EST) -- The Sixth Circuit Bankruptcy Appellate Panel (BAP), in In re Buttermilk Town Center LLC, recently considered whether a debtor in a single-asset real estate case can provide adequate protection to a lender for the use of rents as cash collateral when the debtor does not have an equity cushion in the property and where the lender held a prepetition lien on such rents.[1]...
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