Justices tackle credit-bidding in bankruptcy ‘cramdown’ plan 
By:
Kimberly Atkins
Published: April 23, 2012
Tags: Bankruptcy, Chapter 11, credit bid, secured creditor, Supreme Court
WASHINGTON – The justices of the U.S. Supreme Court took up a complicated bankruptcy case Monday, parsing the language of the Bankruptcy Code to determine if a Chapter 11 debtor must give a secured creditor the right to credit bid items being sold at auction.
