Section 363 sales

Section 363 sales refer to a process in bankruptcy cases where a debtor's assets are sold quickly and efficiently under court supervision. This allows the debtor to sell property free of many existing liabilities, often resulting in higher value for the assets. Once approved by the bankruptcy court, the sale typically proceeds without extensive court approval for each step, enabling faster recovery for creditors and facilitating the debtor's reorganization or exit from bankruptcy. This process is commonly used in large or complex bankruptcies to maximize asset value and streamline the sale.