Absent clear contractual language, disputes can develop over the amount of compensation that financial professionals are entitled to during a credit bidding procedure, particularly when those credit bids are part of an asset purchase and the professional’s compensation is calculated based on the sale price for the debtor’s assets.
This selection is a chapter taken from Credit Bidding in Bankruptcy Sales: A Guide for Lenders, Creditors, and Distressed-Debt Investors. Interested in purchasing a copy? It's available at our ABI Store.
