Can an Out-of-the-Money Junior Creditor Share in a Free-and-Clear Ba...

07/26/18


Can an Out-of-the-Money Junior Creditor Share in a Free-and-Clear Bankruptcy Sale?
The National Law Review
On July 9, 2018, the U.S. Court of Appeals for the Seventh Circuit issued an important opinion raising the possibility that out-of-the-money junior creditors might be entitled to share in the proceeds of a free-and-clear bankruptcy sale under 11 U.S.C ...

[more]