Central Mortgage Company v. Murry (In re Burger)

(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.

2015-09-21 – in re burger

Author: Matt Lindblom