(S.D. Ind. Sep. 21, 2015)
The district court affirms the bankruptcy court’s decision determining the winning bidder at an auction of estate property. The secured lender argues it submitted a credit bid that was higher than the successful bid. However, the secured lender failed to communicate a credit bid to the auctioneer, and the emails to the auctioneer’s alleged agent were insufficient to overcome the auctioneer’s determination of the successful bid at the auction. Opinion below.
Author: Matt Lindblom
Kentuckiana Bankruptcy Opinions 