Troutman Pepper's Creditor’s Rights Toolkit is a series that provides practical insights to help creditors confront the challenges of commercial bankruptcy.
A Section 363 sale is a sale of a company’s assets pursuant to Section 363 of the Bankruptcy Code. The Bankruptcy Court will approve a 363 sale if the debtor can demonstrate a “substantial business justification” for the sale.
This article summarizes the general process of a Section 363 bankruptcy sale.
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