Asset Sales Committee

Committees

Post date: Monday, September 05, 2011

Nothing is more frustrating to a creditor collecting on a promissory note than having the defendant object to the authenticity and/or admissibility of the note—particularly, in response to a creditor’s summary-judgment motion.

Post date: Monday, August 08, 2011
On June 28, 2011, the U.S. Court of Appeals for the Seventh Circuit affirmed the U.S. Bankruptcy Court of the Northern District of Illinois’ decision and held that a secured creditor has a statutory right to credit-bid its debt in the sale of assets proposed under a nonconsensual reorganization plan pursuant to § 1129(b)(2)(A) of the Bankruptcy Code.
Post date: Monday, August 08, 2011

Picture the typical bankruptcy case. The decision is made to sell the assets, and debtor’s counsel drafts bidding procedures to create a framework to generate the highest and best bid for a particular estate asset. The committee and the secured creditors make comments and the court approves the bidding procedures.

Post date: Monday, August 08, 2011

Asset sales of substantially all of the assets of a corporate debtor early in a chapter 11 case have become routine.

Post date: Thursday, July 07, 2011
Asset sales of substantially all of the assets of a corporate debtor early in a chapter 11 case have become routine. Orders approving motions to approve streamlined procedures for sales of de minimis assets in large chapter 11 cases have also become routine. In re Borders Group, Inc.
Post date: Thursday, July 07, 2011

Picture the typical bankruptcy case. The decision is made to sell the assets, and debtor’s counsel drafts bidding procedures to create a framework to generate the highest and best bid for a particular estate asset. The committee and the secured creditors make comments and the court approves the bidding procedures.

Post date: Thursday, July 07, 2011

On June 28, 2011, the U.S. Court of Appeals for the Seventh Circuit affirmed the U.S.

Post date: Thursday, May 05, 2011
Photo of William Snyder [1]
William Snyder [1]
Editor’s Note: For more information about this case, please read two features by Jonathan S. Covin and David G. Gamble that were published in the July/August and October 2010 issues, respectively.
 
Post date: Wednesday, February 02, 2011
In In re Douglas Ray, [1] the Ninth Circuit recently held that a bankruptcy court lacks jurisdiction to reopen a closed case to preclude a collateral attack on its prior, final sale order.
 
Background
Post date: Sunday, October 10, 2010

  It's Never Too Late to Deal with Unscheduled Assets by: Krystiana L. Gembressi

Pages

Mr. Matthew J. LoCascio
Co-Chair
SC&H Capital
Ellicott City, MD
(443) 951-4846

Ms. Randye B. Soref
Co-Chair
Polsinelli
Los Angeles, CA
(310) 556-1801

Ms. Jane Kim
Education Director
Keller Benvenutti Kim LLP
San Francisco, CA
(415) 364-6793

Mr. William Hao
Membership Relations Director
Alston & Bird LLP
New York, NY
(212) 210-9417

Mr. Christopher M. Candon
Newsletter Editor
Sheehan Phinney
Manchester, NH
(603) 627-8168

Mr. Steven L. Victor
Special Projects Leader
Development Specialists, Inc.
Chicago, IL
(312) 263-4141

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