The Rights of Secured Creditors After Rescap

This Article explores the extent of secured creditor’s rights in bankruptcy through an examination of In re Residential Capital. Inparticular, ResCap is used to ask whether secured creditors should have a right to value that comes into being solely by virtue of the bankruptcy process. Ultimately, this question is intertwined with the inquiry of whether bankruptcy reorganization needs to be treated as a day of reckoning at all.

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