In this article from our Creditor’s Right Toolkit series, we discuss the process of Section 363 sales. A Section 363 bankruptcy sale, as defined by the Bankruptcy Code, involves the sale of a company’s assets, which the Bankruptcy Court approves if the debtor can demonstrate a “substantial business justification.”
This article, part of our Creditor’s Rights Toolkit series, serves as an essential guide for vendors navigating the complex landscape of dealing with financially distressed or bankrupt customers. It provides a detailed exploration of the options available to vendors who are proactive and quick to act when they learn of their customer’s financial woes.
This article, part of our Creditor’s Rights Toolkit series, discusses strategies for businesses to protect themselves when they suspect a customer might file for bankruptcy. These strategies include:
Obtaining a Deposit: This makes the business a secured creditor, which often get paid in full in a bankruptcy case, unlike unsecured creditors.
Establishing Payment in
Understanding the complex interplay between successor liability and bankruptcy law is crucial for creditors seeking to recover debts. In this article in our Creditor’s Toolkit series, we dissect the nuances of Section 363(f) of the Bankruptcy Code, which typically exempts bankruptcy sales from successor liability, while also shedding light on the exceptions to this rule.