Delaware district judge holds that the final bid at auction, not the lender’s last credit bid, fixes the value of the lender’s collateral.
Pragmatic opinion by Circuit Judge Ambro allows cramdown to achieve ‘rough justice.’
In a SARE case, the BAP says that the bankruptcy court cannot deny a lift-stay motion without finding that confirmation is reasonably possible in a reasonable time.
Sept 2020
Section 365(d)(3) doesn’t contain a remedy for failure to pay rent on time, Judge Huennekens says.
June 2020