RadLAX Gateway Hotel, LLC v. Amalgamated Bank
Holding
Debtors may not obtain confirmation of a Chapter 11 bankruptcy "cramdown" plan that proposes to sell substantially all of the debtors" property at an auction, free and clear of the Bank"s lien, using the sale proceeds to repay the Bank, but that does not permit the Bank to credit-bid at the sale.
Judgment
Affirmed, 8-0, in an opinion by Antonin Scalia on May 29, 2012. (Kennedy, J., recused)
Merits Briefs for the Petitioners
Merits Briefs for the Respondent
Amicus Briefs in Support of the Respondent
- Brief for Professors Richard Aaron et al.
- Brief for Bankruptcy Scholars
- Brief for the Loan Syndications and Trading Association et al.
- Brief for G. Eric Brunstad, Jr.
- Brief for the United States
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Recommended Citation: RadLAX Gateway Hotel, LLC v. Amalgamated Bank, SCOTUSblog, https://www.scotusblog.com/cases/radlax-gateway-hotel-llc-v-amalgamated-bank/