Jamie Netznik

2 weeks ago | mondaq.com | Jamie Netznik |Megan O'Connor

Distressed entities seeking to sell assets often encountercommercial and legal challenges related to existing claims orresistant constituents. One possible solution to those challengesis to sell assets in bankruptcy through a "363" saleprocess. 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.

3 weeks ago | jdsupra.com | Jamie Netznik |Megan O'Connor

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.