Junior Claims Paid Ahead of Seniors in a Section 363 Sale
The U.S. Bankruptcy Code contains carefully created priority rules that dictate the order in which claims are entitled to be paid. For example, secured creditors have the right to be paid from the proceeds of their collateral, and claims incurred …
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The Fed's New Emergency Lending Rules: Not Far Enough, Not Surprising
The Federal Reserve has just finalized its new rules for making emergency loans, as required by the 2010 Dodd-Frank Act. Supposedly, the authors of Dodd-Frank wanted to prevent the Fed from ever again making the kinds of emergency loans – relatively …
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