Wednesday, August 22, 2012

Buy Assets at Section 363 Sale

Robert E. Dauer, Esquire
An article by Rob Dauer was featured in the Business Workshop section of the Pittsburgh Post-Gazette.

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When a company enters bankruptcy, its equipment and real estate often go on sale for below market prices. But buying assets from a bankrupt company can be a tricky process.

Most companies buying assets from a bankrupt company do so through a Section 363 sale, which generally occurs before the approval of a reorganization plan.

For buyers, the main advantages of a Section 363 sale include the relative speed of the transaction and the transfer of assets free and clear of encumbrances and interests.

Click here to read Rob’s full article, “Buy assets at Section 363 sale.”

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