Michael E. Comerford

mcomerford@milbank.com

+1-212-530-5318 (T)
+1-212-822-5318 (F)

Associate
New York

1 Chase Manhattan Plaza
New York, NY 10005

Map / Directions

Education
Saint John's University, J.D.
Rensselaer Polytechnic Institute, B.S.

Admissions
New York

News:

Seventh Circuit Affirms Bankruptcy Court Ruling That Sale of Assets Through Plan May Not Use “Indubitable Equivalent” Standard to Prevent Secured Creditors from Credit Bidding
A recent Seventh Circuit opinion establishes a circuit split over the issue of whether debtors may prohibit credit bidding in connection with asset sales that are conducted through Chapter 11 plans. The authors analyze the decision and the circuit court split.
By Abhilash M. Raval, Michael E. Comerford, and James C. Harris
Pratt’s Journal of Bankruptcy Law

Fifth Circuit Court of Appeals Holds that Non-Insider Claims May be Recharacterized by Bankruptcy Court Pursuant to State Law

Seventh Circuit Rules Credit Bidding Must be Permitted in Chapter 11 Plan Auctions
Seventh Circuit Affirms Bankruptcy Court Ruling that Sale of Assets Through Plan May Not Use “Indubitable Equivalent” Standard to Prevent Secured Creditors From Credit Bidding