---
title: Another Case To Further Fisker’s Credit-Bid Uncertainty
date: 2014-05-09T00:00:00-04:00
author: Import Bot
canonical_url: "https://www.kelleydrye.com/viewpoints/articles/another-case-to-further-fiskers-credit-bid-uncertainty"
section: Articles
---
# Another Case To Further Fisker’s Credit-Bid Uncertainty

  May 2014

Law360

 

 

 

 

 

 

In the article, ​“Another Case To Further Fisker’s Credit-Bid Uncertainty,” published by *Law360* in its Expert Analysis section, special counsel [Ben Feder](/Our-People/Benjamin-Feder) discusses the chapter 11 cases of *Fisker Automotive and Free Lance-Star Publishing Co.* The article focuses on recent rulings in these cases; in both instances the courts narrowed a secured creditor’s right to credit-bid its debt in connection with a sale of the debtor’s assets. The decisions have surprised many observers and ​“put the issue of credit bidding back on the table, particularly in so-called ​‘loan to own’ situations where secured debt is purchased at a substantial discount for the purpose of effecting the acquisition of a distressed borrower.” The right of secured lenders to credit-bid the full amount of their debt was considered settled following the Supreme Court’s May 2012 decision in *RadLax Gateway Hotel*. Ben’s article considers the broad implications of these rulings, including their potential significant impact on the secondary trading market for distressed debt, as well as the likelihood that another credit-bidding case will make its way to the Supreme Court.

 

 

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