Bankruptcy Court Issues New Opinion on Credit Bidding, Cites Fisker Opinion

Bankruptcy Judge Kevin Huennekens (U.S. Bankruptcy Court for the Eastern District of Virginia) issued a 16-page opinion today in the chapter 11 cases of The Free Lance-Star Publishing Co. of Fredericksburg, Va. and its affiliates.  The opinion, a copy of which is embedded below, limits a secured creditor’s right to credit bid its claim in a bankruptcy auction for the debtors’ assets and cites the January 2014 opinion on the same topic issued in the Fisker Automotive Holdings chapter 11 cases in Delaware.

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