Rigging the Auction

The "Credit Bid" allows a lender to bid for a bankrupt company using the debt they are owed as currency.

Since you bought that debt for pennies on the dollar, you can outbid ANY cash buyer while effectively paying nothing.

Auction Room

Competitor (Cash Fund)
Bid: $80MHARD CASH
You (Distress Fund)
Your Credit Bid$50M

Max Capacity: $100M (Face Value)