Creditor didn't look before it leaped: loses right to stop 363 sale and credit bid

A June 2013 decision from the United States Bankruptcy Court for the Eastern District of North Carolina Greenville Division, In re L.L. Murphrey Company, 2013 WL 2451368 (Bankr. E.D.N.C. June 6, 2013), highlights the importance of due diligence in connection with assignments of security interests.

Filed under:
USA, North Carolina, Insolvency & Restructuring, Litigation, Blank Rome LLP, Debtor, Debt, Title 11 of the US Code, United States bankruptcy court
Authors:
Linor Shohet
Location:
USA
Firm:
Blank Rome LLP