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The U.S. Supreme Court granted a petition for certiorari in RadLAX Gateway Hotel, LLC et al. v. Amalgamated Bank on Dec. 12, 2011. The question presented is, whether a debtor may pursue a Chapter 11 plan that proposes to sell assets free and clear of liens without allowing the secured creditor to credit bid up to the full amount of its claim, but instead, providing the secured lender with the indubitable equivalent of its claim.

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