River Road: The Right Road for Selling a Secured Lender’s Collateral Under a Chapter 11 Plan of Reorganization
February 2012
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The Banking Law Journal
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This article analyzes recent circuit court decisions that upset long settled expectations regarding a secured creditor’s right to credit bid its claim in a sale of its collateral free and clear of liens under a plan of reorganization — and a circuit court decision that disagreed with those cases.
This article was published in the February 2012, Volume 129, Number 2 edition of The Banking Law Journal. Permission for article reprint has been granted.
Erik W. Chalut is a partner with the Bankruptcy, Restructuring and Creditors' Rights Group in the Chicago office. His practice involves commercial bankruptcy, insolvency, restructuring, and workouts on behalf of secured lenders, unsecured creditors, creditors’ committees, equity holders, and debtors. He can be reached at
or 312.464.3182.
Blair Zanzig is an associate with the Bankruptcy, Restructuring and Creditors' Rights Group in the Chicago office. His practice focuses on bankruptcy and commercial litigation matters, such as complex business disputes, breach of contract claims, commercial torts, securities matters, government contracting disputes, false claims act suits and insurance coverage issues. He can be reached at bzanzig@loeb.com or 312.464.3128.