Duane Morris·BANKRUPTCY-RESTRUCTURING

Third Circuit Bars Secured Creditors' Credit-Bid Right in Reorganization Sales

The Third Circuit held that secured creditors may be prohibited from credit bidding when a bankruptcy plan provides the "indubitable equivalent" of their secured interest, following the Fifth Circuit's approach in Pacific Lumber.

credit-biddingthird-circuitbankruptcy-reorganizationindubitable-equivalentsecured-creditorschapter-11
Read the original firm alert →Thursday, August 6, 2026

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