5 Tips For Bankrupt Cos. Looking To Sell Assets

Law360, New York (October 1, 2013, 4:32 PM EDT) -- Chapter 11 filings across the U.S. are down, but bankruptcy experts say distressed companies are still utilizing asset sales under Section 363 of the U.S. Bankruptcy Code to protect the value of their businesses and avoid liquidation.

A 363 sale is a popular way for a company to save the value of its assets even as it struggles to keep its head above water and it offers the opportunity of keeping a business afloat, even if the company is taken over by new management. In these...
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