Recent Decision on Derivative Standing by a Creditors’ Committee to Challenge a Lender’s Liens
PBWT
OCTOBER 27, 2021
One way committees try to enhance recoveries is by seeking “derivative standing” to commence adversary proceedings challenging the validity of a secured lender’s pre-petition liens. The debtor operated 28 franchise restaurants primarily in the Sun Belt region. In re Platinum Corral, LLC , No. ’" Id.
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