Sales under Section 363 of the Bankruptcy Code have become commonplace in bankruptcy cases as a mechanism to liquidate a debtor's assets and maximize value for creditors. Selling the debtor's assets to a third party offers the debtor's vendors and customers a new business partner, while likely preserving jobs for the debtor's former employees. This article will explore why parties should closely monitor the debtor's sale process to protect their rights and achieve their goals. Troutman Pepper's Creditor’s Rights Toolkit is a series that provides practical insights to help creditors confront the challenges of commercial bankruptcy.