Bankruptcy sales embody the essence of the statement “one person's trash is another's treasure.” In this post we will be discussing the opportunity of buying assets out of a bankruptcy sale.
When a business declares bankruptcy under Chapter 11 of the Bankruptcy Code, a court will oversee the process of the debtor’s reorganization of its assets and business affairs. Often-times a great deal of an indebted company’s assets are sold at major discounts pursuant to a court’s approval under Section 363 of the Bankruptcy Code. These 363 sales, while often tricky to navigate, offer an unbeatable opportunity to find your treasure amongst the discarded trash of a bankruptcy filing.
At Sterrett Law, we are here to guide you through the process of purchasing assets from a 363 sale. We prioritize transparent, efficient, and low cost solutions; so, whether you need help with due diligence, negotiating an offer, or closing contracts on a sale, we are here to protect your interests!