The Ninth Circuit Strengthens Secured Lenders' Rights in Single...

The Ninth Circuit Strengthens Secured Lenders' Rights in Single Asset Real ...
JD Supra (press release)
Under the Meruelo decision, each project-level entity will now be subject to Bankruptcy Code provisions applicable to single asset real estate cases. As a result, secured lenders will have increased leverage. The Bankruptcy Code defines “single asset ...