Radoax Gateway v. Amalgamated Bank - credict bidding

知识 美国最高法院口头辩论-SCOTUS Oral Argumen... 第50期 2023-10-03 创建 播放:73

介绍: 美国破产法第1129条(b)(2)(A)(iii)不能被解读为高于或者覆盖该条(ii)项的具体要求。

(2)For the purpose of this subsection, the condition that a plan be fair and equitable with respect to a class includes the following requirements:
(A)With respect to a class of secured claims, the plan provides—
(i)
(I)that th...

介绍: 美国破产法第1129条(b)(2)(A)(iii)不能被解读为高于或者覆盖该条(ii)项的具体要求。

(2)For the purpose of this subsection, the condition that a plan be fair and equitable with respect to a class includes the following requirements:
(A)With respect to a class of secured claims, the plan provides—
(i)
(I)that the holders of such claims retain the liens securing such claims, whether the property subject to such liens is retained by the debtor or transferred to another entity, to the extent of the allowed amount of such claims; and
(II)that each holder of a claim of such class receive on account of such claim deferred cash payments totaling at least the allowed amount of such claim, of a value, as of the effective date of the plan, of at least the value of such holder’s interest in the estate’s interest in such property;
(ii)for the sale, subject to section 363(k) of this title, of any property that is subject to the liens securing such claims, free and clear of such liens, with such liens to attach to the proceeds of such sale, and the treatment of such liens on proceeds under clause (i) or (iii) of this subparagraph; or
(iii)for the realization by such holders of the indubitable equivalent of such claims.

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