Section 363 Sales Considerations
By EsqSocial Corporation 23/04/25
Distressed entities seeking to sell assets often encounter commercial and legal challenges related to existing claims or resistant constituents. One possible solution to those challenges is to sell assets in bankruptcy through a “363” sale process. Section 363 of the US Bankruptcy Code allows a debtor, following notice and a hearing, to “use, sell, or lease” its property outside of the ordinary course of business....
By: Mayer Brown