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Justices tackle credit bidding in bankruptcy ‘cramdown’ plan (access required)

POSTED: Tuesday, April 24th, 2012 at 2:14 pm

BY: KIMBERLY ATKINS, Dolan Media Newswires

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.

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