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CRE Finance World, Autumn 2012

U.S. Supreme Court Holds That Bankruptcy Credit-Bidding May Not Be Denied and Resolves Circuit Split in Favor of Secured Creditors 18 Id. Kent Terminal Corp., 166 B.R. 555, 566–567 (Bankr. S.D.N.Y. 1994); In 19 Id. at 309 (quoting 11 U.S.C. § 1123(a)(5)(D)) re Orfa Corp. Of Philadelphia, 1991 WL 225985, *6 (October 31, 1991 20 In re Pacific Lumber Co., 584 F.3d 229 (5th Cir. 2009). Bankr. E.D. Pa); H & M Parmely Farms v. Farmers Home Admin., 127 B.R. 644, 648 (D.S.D. 1990); In re 222 Liberty Associates, 108 B.R. 21 Id. at 245. 971, 978 (Bankr. E.D. Pa. 1990); In re Realty Investments, Ltd., 72 B.R. 22 Id. In particular, the court notes that, “The introduction to § 1129(b)(2) 143, 146 (Bankr. C.D. Cal. 1987). states that the ‘condition that plan be fair and equitable includes the 27 Kent Terminal Corp., 166 B.R. at 566–567. following requirements . . . . The Bankruptcy Code specifies that the term ‘includes’ is not ‘limiting.’” Id. (quoting 11 U.S.C. § 102(3)). 28 In re SunCruz Casinos, 298 B.R. at 839. 23 Id. 29 Kennedy, J. recused. 24 Id. at 246–49. 30 RadLAX, 566 U.S. ____ . 25 Id. at 247. 31 Id. at 5. 26 In re Matrix Dev. Corp., 2009 WL 2169717 *8 (July 16, 2009 Bankr. 32 Id. at 7, 9. D. Or.); In re SunCruz Casinos, LLC, 298 B.R. 833, 839 (Bankr. S.D. 33 Id. at 10. FIa. 2003); In re River Village, 181 B.R. 795, 805 (E.D. Pa. 1995); In re 34 Id. Announcing the NEW CRE Finance Council Compendium of Statistics Survey the latest industry data - MBS issuance, delinquencies, spreads, and more! Research current and historical market trends. View data on the screen or download into a user-friendly Excel format. Get the data you need, when you need it – the CREFC Compendium of Statistics. www.crefc.org Data ProviDeD By: CRE Finance World Autumn 2012 46


CRE Finance World, Autumn 2012
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