Have Section 363 Sale Orders Gone Too Far?

Bob Eisenbach — Sun, 05 Aug 2007 21:48:35 +0000

Concerned about the broad-reaching and complex forms of Section 363 asset orders being submitted for approval, this past week the U.S. Bankruptcy Court for the Northern District of California issued a set of "Guidelines re Sale Orders" as well as a form of "Model Sale Order." (Each document is available by clicking on its respective title in the prior sentence.) The Bankruptcy Court’s opening…

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Section 363 Sales: Interesting Article Takes A Further Look

Bob Eisenbach — Fri, 03 Aug 2007 21:19:30 +0000

David Powlen, Managing Director and Partner at Western Reserve Partners LLC, has an interesting article on the Turnaround Management Association website entitled "Bargains Await Buyers Skilled At Navigating Section 363 Minefields." It gives a good overview of the range of issues that arise in the context of a sale under Bankruptcy Code Section 363. Among the article’s observations: The article…

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Have Section 363 Sale Orders Gone Too Far?

Section 363 Sales: Interesting Article Takes A Further Look