Secured Creditor’s Claim Equitably Subordinated by Bankruptcy Court

Volume 6, Number 1 / July 2009
ABI Committee News
In a recent decision that caught the attention of many in the secured lending community, the U.S. Bankruptcy Court for the District of Montana equitably subordinated a $232 million secured claim arising from a loan made to the Yellowstone Mountain Club LLC, the developer of an exclusive golf and ski community in Montana, by a lending syndicate led by Credit Suisse.