Seventh Circuit· 1/15/2014
In re New Energy Corp.
Citations
- 739 F.3d 1077
- 70 Collier Bankr. Cas. 2d 1572
- 2014 WL 145274
- 2014 U.S. App. LEXIS 846
- 58 Bankr. Ct. Dec. (CRR) 261
How courts have described this case
Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.
- judges must “implement the Bankruptcy Code as written, rather than make changes that they see as improvements”
- a transaction which increases the price realized by the estate would help creditor recovery and “would [be] a reason to confirm the sale rather than set it aside”
- “Yet bankruptcy courts are entitled to require cash bids, rather than complex and hard-to-value bids including leases and options. Cash bids are comparable; the sort of bid Natural Chem wanted to make could not easily have been compared against others.”
Source: CourtListener parenthetical corpus (CC0).
Judges: Easterbrook, Flaum, Griesbach
Read full opinion on CourtListenerSourced from CourtListener / Free Law Project (CC0).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.