Law360, New York (October 29, 2008, 12:00 AM EDT) -- The sale of the assets of a debtor often play a crucial role in the success of a bankruptcy case. This is true whether the bankruptcy involves a Chapter 11 case and the debtor is reorganizing or liquidating under a plan of reorganization, or a Chapter 7 case where liquidation is the only possibility.
In either instance, the reorganization or liquidation efforts of the debtor and the ultimate return to creditors often hinge on the sale of the debtor's assets.
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