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Despite Buyers' Market, 363 Sales Still Prove Complex

Law360 (May 1, 2009, 12:00 AM EDT) -- Although the increased pressure for companies in Chapter 11 to shed assets through 363 sales may suggest a robust market for willing buyers, the process is not necessarily as easy, advantageous or popular for buyers as some might assume, according to bankruptcy experts.

As the economic crisis has forced countless companies to raise quick cash through 363 sales, several stumbling blocks, including extreme time pressure, lack of exclusivity and dealing with a bevy of interested parties, can pose unforeseen complications for bargain-seeking buyers with cash in...
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