Buying Assets From a Company in Chapter 11

26 January 2009 Publication
Authors: Salvatore A. Barbatano Patrick D. Daugherty Daljit S. Doogal Derek L. Wright

White Paper

As the worldwide economic crisis continues, Foley strives to help corporations, financial service providers, and individuals to understand the implications and opportunities resulting from legislative and regulatory actions and the aftermath of the financial turmoil.

Despite the difficult economic conditions, opportunities do exist. With the rising number of corporate bankruptcies, savvy buyers can acquire assets free and clear of any liens or encumbrances by purchasing assets under bankruptcy through "363 sales." Foley has prepared a white paper that provides a comprehensive overview of 363 sales, along with strategies to minimize risk and maximize the potential rewards.

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