What Would You Do?
May 2, 2016
James Cretella and Daniel Fiorillo of Otterbourg P.C. present another edition of "What Would You Do?", a bi-monthly column that appears in The Secured Lender. This installment is from the May issue of The Secured Lender and wrestles with how the bank is to deal with a sale of assets in a Chapter 11 proceeding when there is one group of secured lenders with first liens on some assets and another group of secured lenders with first liens on other assets, and the company is planning a single sale of both categories of assets. See the dilemma confronted by the bank discussed here.
