{"argument_date":"2012-04-23T00:00:00Z","arguments":[{"argument_date":"2012-04-23T00:00:00Z","heading":"What happened at the argument","official_detail_url":"https://www.supremecourt.gov/oral_arguments/argument_transcript/2011","official_transcript_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","paragraphs":["Ms. Maynard argued secured creditors bargain for full repayment or foreclosure rights.","Mr. Neff argued the Bankruptcy Code plainly says no to credit bidding in Chapter 11.","Chief Justice Roberts questioned if credit bidding deprives creditors of holding devalued assets.","Justice Alito questioned if the dispute arises from doubts about the indubitable equivalent standard."],"reargument":false,"sequence":1,"sources":[{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 27, lines 35-15","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 27, lines 35-15"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 3, lines 19-27","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 3, lines 19-27"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 3, lines 7-17","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 3, lines 7-17"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 4, lines 29-33","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 4, lines 29-33"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 4, lines 43-49","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 4, lines 43-49"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 46, lines 13-15","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 46, lines 13-15"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 5, lines 21-23","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 5, lines 21-23"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 5, lines 35-41","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 5, lines 35-41"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 56, lines 15-9","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 56, lines 15-9"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 57, lines 11-23","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 57, lines 11-23"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 57, lines 27-29","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 57, lines 27-29"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 57, lines 41-45","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 57, lines 41-45"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 58, lines 33-37","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 58, lines 33-37"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 6, lines 13-21","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 6, lines 13-21"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 6, lines 25-29","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 6, lines 25-29"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 6, lines 43-5","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 6, lines 43-5"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 7, lines 15-19","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 7, lines 15-19"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 7, lines 29-35","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 7, lines 29-35"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 7, lines 45-47","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 7, lines 45-47"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 8, lines 13-21","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 8, lines 13-21"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 8, lines 37-45","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 8, lines 37-45"}]}],"caption":"RadLax Gateway Hotel, LLC v. Amalgamated Bank","case_history":[{"changed_at":"2026-08-29T20:06:35.195533Z","explanation":"An official oral-argument transcript was verified.","status":"argued"},{"changed_at":"2026-08-29T20:06:35.205934Z","explanation":"An official oral-argument transcript was verified.","status":"argued"}],"case_status":"argued","dek":"The dispute centers on whether the Bankruptcy Code bars secured creditors from credit bidding when a Chapter 11 plan sells their collateral.","dek_sources":[{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 27, lines 35-15","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 27, lines 35-15"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 3, lines 19-27","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 3, lines 19-27"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 46, lines 13-15","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 46, lines 13-15"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 56, lines 15-9","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 56, lines 15-9"}],"dispositions":[],"latest_court_document_date":"2012-04-23T00:00:00Z","maturity":"official_transcript","official_detail_url":"https://www.supremecourt.gov/oral_arguments/argument_transcript/2011","official_disposition_urls":[],"official_docket_url":"https://www.supremecourt.gov/docket/docketfiles/html/public/11-166.html","primary_docket":"11-166","revisions":[{"correction_note":"Rewritten to the concise citizen-facing editorial standard.","created_at":"2026-08-30T22:59:02.008837Z","maturity":"official_transcript","revision_number":1},{"correction_note":"Migrated to the dated official Court activity contract without model use.","created_at":"2026-09-05T03:22:24Z","maturity":"official_transcript","revision_number":2}],"schema_version":"1.1","sections":[{"heading":"What this case is about","paragraphs":["This case tests the scope of credit bidding rights under the Bankruptcy Code. the sides that brought the case argue the statute prohibits credit bidding in Chapter 11 plan sales. the opposing sides argue secured creditors retain the right to credit bid to protect their collateral value."],"sources":[{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 27, lines 35-15","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 27, lines 35-15"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 3, lines 19-27","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 3, lines 19-27"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 46, lines 13-15","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 46, lines 13-15"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 56, lines 15-9","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 56, lines 15-9"}]},{"heading":"How the case got here","paragraphs":["The Supreme Court heard oral argument in this case on April 23, 2012."],"sources":[{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 3, lines 7-17","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 3, lines 7-17"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 56, lines 15-9","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 56, lines 15-9"}]},{"heading":"What each side wants","paragraphs":["the sides that brought the case want the Court to bar credit bidding in Chapter 11 plan sales.","the opposing sides want the Court to allow credit bidding to protect collateral value."],"sources":[{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 27, lines 35-15","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 27, lines 35-15"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 3, lines 19-27","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 3, lines 19-27"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 46, lines 13-15","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 46, lines 13-15"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 56, lines 15-9","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 56, lines 15-9"}]},{"heading":"What each side says","paragraphs":["the sides that brought the case argue the Bankruptcy Code plainly prohibits credit bidding in Chapter 11 plan sales.","the opposing sides argue secured creditors bargained for the right to foreclose and take collateral."],"sources":[{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 27, lines 35-15","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 27, lines 35-15"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 3, lines 19-27","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 3, lines 19-27"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 46, lines 13-15","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 46, lines 13-15"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 56, lines 15-9","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 56, lines 15-9"}]},{"heading":"What the justices asked","paragraphs":["Chief Justice Roberts asked if credit bidding deprives creditors of holding devalued assets.","Justice Alito asked if the dispute stems from doubts about the indubitable equivalent standard."],"sources":[{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 4, lines 29-33","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 4, lines 29-33"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 4, lines 43-49","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 4, lines 43-49"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 5, lines 21-23","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 5, lines 21-23"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 5, lines 35-41","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 5, lines 35-41"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 57, lines 11-23","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 57, lines 11-23"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 57, lines 27-29","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 57, lines 27-29"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 57, lines 41-45","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 57, lines 41-45"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 58, lines 33-37","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 58, lines 33-37"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 6, lines 13-21","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 6, lines 13-21"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 6, lines 25-29","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 6, lines 25-29"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 6, lines 43-5","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 6, lines 43-5"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 7, lines 15-19","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 7, lines 15-19"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 7, lines 29-35","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 7, lines 29-35"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 7, lines 45-47","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 7, lines 45-47"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 8, lines 13-21","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 8, lines 13-21"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 8, lines 37-45","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 8, lines 37-45"}]},{"heading":"Why it matters","paragraphs":["Credit bidding affects how much cash enters bankruptcy sales. It determines whether secured creditors can offset debt with collateral value. This impacts the final distribution of assets to all stakeholders."],"sources":[{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 27, lines 35-15","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 27, lines 35-15"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 3, lines 19-27","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 3, lines 19-27"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 46, lines 13-15","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 46, lines 13-15"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 56, lines 15-9","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 56, lines 15-9"}]},{"heading":"What happens next","paragraphs":["This article currently covers the argument record. Use the official docket link for later case activity."],"sources":[{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 3, lines 7-17","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 3, lines 7-17"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 4, lines 29-33","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 4, lines 29-33"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 4, lines 43-49","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 4, lines 43-49"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 5, lines 21-23","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 5, lines 21-23"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 5, lines 35-41","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 5, lines 35-41"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 56, lines 15-9","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 56, lines 15-9"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 57, lines 11-23","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 57, lines 11-23"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 57, lines 27-29","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 57, lines 27-29"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 57, lines 41-45","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 57, lines 41-45"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 58, lines 33-37","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 58, lines 33-37"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 6, lines 13-21","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 6, lines 13-21"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 6, lines 25-29","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 6, lines 25-29"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 6, lines 43-5","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 6, lines 43-5"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 7, lines 15-19","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 7, lines 15-19"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 7, lines 29-35","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 7, lines 29-35"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 7, lines 45-47","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 7, lines 45-47"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 8, lines 13-21","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 8, lines 13-21"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 8, lines 37-45","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 8, lines 37-45"}]}],"slug":"2011-11-166-radlax-gateway-hotel-llc-v-amalgamated-bank","term":"2011","title":"Can secured creditors credit bid in Chapter 11 sales?","title_sources":[{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 27, lines 35-15","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 27, lines 35-15"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 3, lines 19-27","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 3, lines 19-27"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 46, lines 13-15","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 46, lines 13-15"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 56, lines 15-9","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2011/11-166.pdf","page_label":"file page 56, lines 15-9"}],"topics":[],"undated_disposition_date_fallback":null,"updated_at":"2026-09-05T03:22:24Z"}