363 Sales

A 363 Sale refers to a type of asset sale conducted under Section 363 of the U.S. Bankruptcy Code. This process allows a company in bankruptcy to sell its assets quickly and efficiently, often free from certain liabilities. By doing so, it aims to maximize the value of the assets for creditors and stakeholders. Potential buyers can purchase these assets during a court-approved auction, which can lead to a smoother transition and revitalization of the business. This method is typically used when traditional sales processes might not be feasible or might take too long.