SIFMA submitted an Amicus “Friend of the Court” Brief.

Court:

U.S. Supreme Court

Amicus Issue:

Whether a debtor may pursue a Chapter 11 plan that proposes to sell assets free of liens without allowing the secured creditor to credit bid, but instead providing it with the indubitable equivalent of its claim under Section 1129(b)(2)(A)(iii) of the Bankruptcy Code.

Counsel of Record:

Wilmer Cutler Pickering Hale and Dorr LLP

Seth P. Waxman
Craig Goldblatt
Danielle Spinelli

Other Amici:

Loan Syndications and Trading Association

The American Bankers Association

The Clearing House

The Commercial Finance Association

The Commercial Real Estate Finance Council

The Equipment Leasing and Finance Association

The Financial Services Roundtable