“The Value of a Secured Creditor’s Collateral is Established by Third-Party Winning Bid, Not Credit Bid,” an article authored by Susan Heath Sharp and Elena Paras Ketchum, was published in ABI Journal, Vol. XL, No. 3, March 2021 edition. The article discusses the bankruptcy and appellate court decisions of In re Aerogroup International Inc., et al. and the Third Circuit decisions of In re SubMicron Sys. Corp. and In re Philadelphia Newspapers LLC. The ABI Journal is an official publication of the American Bankruptcy Institute and published twelve times a year. The ABI is a multi-disciplinary, non-partisan organization devoted to bankruptcy issues with more than 12,000 members.