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Expert Analysis

Bankruptcy Auctions: Is That Your Final Answer?

Law360 (December 1, 2010, 3:31 PM EST) -- When selling assets under section 363 of the Bankruptcy Code or pursuant to a plan, debtors typically conduct auctions, selecting the highest or best bidder as the purchaser. Section 363 auctions are intended to enable debtors to maximize the value of their assets, while ensuring "finality and integrity in the process ..."[1]...

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