Cramdown Must Not Put the Secured Creditor at Risk, Ninth Circuit BAP Says
Permanently reducing the claim by the appraised value without a backstop means the creditor isn’t receiving the ‘indubitable equivalent,’ BAP says.
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Case Details
Case Citation
Havasu Lakeshore Investments LLC v. Fleming (In re Fleming), 19-1166 (B.A.P. 9th Cir. March 10, 2020)
Case Name
Havasu Lakeshore Investments LLC v. Fleming (In re Fleming)
Case Type
Business