New Ruling Affects Credit Bids in Bankruptcy Auctions - http://www.t...

New Ruling Affects Credit Bids in Bankruptcy Auctions
http://www.totalbankruptcy.com
The ruling involved two Chapter 11 bankruptcy cases, but could potentially affect Chapter 7 bankruptcy filings as well. First, a quick vocabulary lesson. A "credit bid" is an offer made by a creditor during a liquidation sale that involves claims on ...
A closer look at the Ultimate Acquisition Partners' bankruptcyLexology (registration)