No. 22-765
Cyrus Capital Partners, L.P. v. Sears Holdings Corporation
Tags: bankruptcy bankruptcy-procedure bankruptcy-valuation collateral collateral-standard debtor-retention rash-v-associates replacement-value secured-debt valuation
Key Terms:
JusticiabilityDoctri
JusticiabilityDoctri
Latest Conference:
2023-03-17
Question Presented (from Petition)
Whether Bankruptcy Code § 506(a) authorizes a court to value collateral retained by the debtor under a standard other than "replacement value" when the debtor professes an intent to sell the collateral.
Question Presented (AI Summary)
Whether Bankruptcy Code § 506(a) authorizes a court to value collateral retained by the debtor under a standard other than 'replacement value' when the debtor professes an intent to sell the collateral
Docket Entries
2023-03-20
Petition DENIED.
2023-03-08
Brief amicus curiae of GoldenTree Asset Management LP filed. (Distributed)
2023-03-01
DISTRIBUTED for Conference of 3/17/2023.
2023-02-22
Waiver of right of respondent Sears Holdings Corporation to respond filed.
2023-02-13
Petition for a writ of certiorari filed. (Response due March 17, 2023)
2022-12-08
Application (22A502) granted by Justice Sotomayor extending the time to file until February 13, 2023.
2022-12-05
Application (22A502) to extend the time to file a petition for a writ of certiorari from January 12, 2023 to February 11, 2023, submitted to Justice Sotomayor.
Attorneys
Cyrus Capital Partners, L.P.
Jonathan D. Hacker — O'Melveny & Myers LLP, Petitioner
GoldenTree Asset Management LP
Sears Holdings Corporation
Gregory Silbert — Weil Gotshal & Manges LLP, Respondent