Recent Developments In Assets Sales

Law360, New York (November 4, 2008, 12:00 AM EST) -- Quick asset sales under Section 363 of the Bankruptcy Code are more common in this bankruptcy cycle than in the past. This article considers (1) some reasons for the increase in asset sales, and (2) key aspects of and potential problems with quick asset sales.

Reasons For Increase In Asset Sales

One reason for the increase in quick asset sales is the slowing economy, both generally and in particular market segments such as for retailers like Steve & Barry’s and Linens N’ Things.

Another reason is...
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