Skip to main content


  • AddRemove
  • Build a Report 
News Releases

In Re Philadelphia Newspapers, LLC – Uprooting Three Decades of Secured Creditor’s Expectations?

30 March 2010
A senior secured creditor’s right to credit bid in a typical Section 363 sale empowers the creditor to protect itself against any perceived undervaluation of its collateral, whether by the market or otherwise, by being able to bid up to the full amount of the creditor’s debt for the collateral, even where the fair market value of the collateral is less than the amount of such debt, if the Section 363 sale process does not produce a sale price from a third party bidder that is otherwise acceptable to the creditor. Yet, what if a bankruptcy sale is not to be conducted as a stand-alone Section 363 sale, but pursuant to a Chapter 11 plan of reorganization?

Related Information

  • Related People
    Thomas S. Kiriakos
    T +1 312 701 7275
    Brian Trust
    T +1 212 506 2570

The Build a Report feature requires the use of cookies to function properly.  Cookies are small text files that are placed on your computer by websites that you visit. They are widely used in order to make websites work, or work more efficiently.  If you do not accept cookies, this function will not work.  For more information please see our Privacy Policy

You have no pages selected. Please select pages to email then resubmit.