363 sale

A 363 sale refers to a specific type of transaction in bankruptcy proceedings, named after Section 363 of the U.S. Bankruptcy Code. It allows a company in financial distress to sell its assets quickly and efficiently, often outside the normal auction process. This is done to maximize the value of the assets and is typically overseen by a bankruptcy court. Buyers can acquire those assets free of many liabilities, making it an attractive option for investors, while helping the struggling company generate funds to settle debts.