Section 1111(b) Election Not Available When Collateral Is Sold Post ...

Section 1111(b) Election Not Available When Collateral Is Sold Post Petition
Lexology (registration)
The Seller filed for bankruptcy in 2010, and in 2012, the Buyer filed for bankruptcy. The trustee of the Seller's bankruptcy estate (the “Trustee”) filed a proof of claim in the Buyer's case for the Two Notes. Subsequently, in the Buyer's bankruptcy ...