363 Sale - Understanding How the 363 Sale Process Works - Wall Street Oasis
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WEBFeb 14, 2024 · A 363 Sale, governed by Section 363 of the U.S. Bankruptcy Code, allows the debtor to sell some or almost all business assets to meet the demands of their creditors, subject to certain conditions. In a 363 Sale, the debtor-in-possession holds greater control over asset disposition than in Chapter 7 liquidation bankruptcy, where a trustee is ...
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