Credit Bidding: Converting Secured Loans to Winning Bids
By EsqSocial Corporation 15/01/25
When a company enters bankruptcy, its assets are often sold to the highest or best bid. Secured lenders — those who have perfected liens on the company's assets — have a unique advantage under Section 363(k) of the Bankruptcy Code: they can bid, subject to review for cause, with their secured debt....
By: Goodwin