Creditors’ Valuation Spoils Diminution in Value Claim

Business Valuation UpdateVol. 20 No. 2
Legal and Court Case Update
February 2014

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6162 Mortgage Bankers and Loan Correspondents
522292 Real Estate Credit
bankruptcy
collateral, fair market value (FMV), diminution in value
In re Residential Capital, LLC
2013 Bankr. LEXIS 4844
November 15, 2013
US
Federal Court
New York
United States Bankruptcy Court
Marc D. Puntus (debtors); Michael Fazio, Jeffrey M. Levine, John A. Taylor, and P. Eric Siegert (Houlihan Lokey Capital, Inc.)(defendants)
Glenn

Summary

Ruling on the adequate protection claim of junior secured noteholders (JSNs) in a complex bankruptcy proceeding, court finds JSNs failed to prove a diminution in the value of their cash collateral during case; flawed assumptions and inputs invalidate the ...

See Also

In re Residential Capital, LLC

Full Text of Court Cases
November 15, 2013

Ruling on the adequate protection claim of junior secured noteholders (JSNs) in a complex bankruptcy proceeding, court finds JSNs failed to prove a diminution in the value of their cash collateral during case; flawed assumptions and inputs invalidate the ...