S.D.N.Y. Bankruptcy Court Provides Guidance on Fixture Classification and Valuation

Peter Keane has written an article for the ABA Young Lawyers Division Bankruptcy Newsletter on the recent lengthy opinion from Bankruptcy Judge Martin Glenn of the bankruptcy court in the Southern District of New York. The issue in Motors Liquidation Co. Avoidance Action Trust v. JPMorgan Chase Bank, N.A. (In re Motors Liquidation Co.), No. 09-50026 (Bankr. S.D.N.Y. Sept. 26, 2017), is determining whether pledged assets were fixtures or realty and how to value the assets.

Click below to retrieve a pdf of the article. Posted with permission from the ABA; all rights reserved.