Table of Contents

• Jurisdiction: United States

Chapter I

Introduction ...................................................................................................... 1

Chapter II

Credit Bidding Generally ................................................................................ 7

A. The Policy Behind Credit Bidding...................................................................................8

B. In re Delphi Corporation: An Illustration of the Value of Credit Bidding.................9

C. Credit Bidding Under Pre-Code Law .......................................................................... 12

1. The Right to Credit Bid Under State Law................................................................12

2. The Supreme Court's Decision in Radford: Credit Bidding as a Property Right.....................................................................................................14

3. Credit Bidding Under the Bankruptcy Act...