What are the implications of a lender's failure to reduce the value of collateral under a commercial loan agreement?
MultiRegion, United States of America
The following excerpt is from In re Zeoli, 249 BR 61 (Bankr. S.D.N.Y. 2000):
2 Cf., Associates Commercial Corporation v. Rash, 520 U.S. 953, 117 S.Ct. 1879, 138 L.Ed.2d 148 (1997) (cram down value of collateral is the price a willing buyer in debtor's situation would pay to obtain like property from a willing seller).
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