The court held that the bankruptcy court erred in rejecting the proposed bidprocedures on the ground that debtors' secured lenders had a statutory right to credit bid It therefore reversed the order of the bankruptcy court denying approval of bid procedures for an auction of
November 16, 2009 at 12:00 AM
1 minute read
In re Philadelphia Newspapers, PICS Case No. 09-1890-(E.D. Pa. Nov. 10, 2009) Robreno, J. (58 pages).
The court held that the bankruptcy court erred in rejecting the proposed bidprocedures on the ground that debtors’ secured lenders had a statutory right to credit bid It therefore reversed the order of the bankruptcy court denying approval of bid procedures for an auction of
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