We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Section 363 On Steroids

Law360 (June 1, 2009, 12:00 AM EDT) -- The recent rash of retail filings have something in common with Chrysler’s case — a fairly quick sale under Section 363 of substantially all of the operating assets. It even happened in another situation when The Greenbrier resort was recently sold in a short-lived case.

The formula used in retail cases is well understood by all. Either with the petition or shortly thereafter, a motion is filed to approve the procedures for selling just about everything, including chances for others to bid (although today’s financing market...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.