Law360, New York (March 10, 2010, 6:02 PM EST) -- In the depths of the recent credit crisis — when credit was simply unavailable and the value of assets declined dramatically — many debtors relied on 11 U.S.C. § 363 to sell substantially all of their assets. However, as fears of systemic financial collapse subsided and credit markets have begun to thaw, it appears that companies and their creditors have shifted their focus to out-of-court restructurings and “prepackaged” and prearranged bankruptcy filings.
363 Sales Utilized During Credit Crisis
The recent financial crisis adversely impacted credit markets...
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