Yes, but only if it is done carefully.

All three of these options are procedures intended to secure the most money from the sale for the payment of creditors, and to leave the Seller creditor with no post-closing liability, but the procedure is not set up to provide a Buyer the most protection. However, if you proceed carefully, you can secure the major protections you need, in most circumstances.

Compare these procedures. In a normal contractual sale, a Buyer usually has the following protections:

Every week the news reports another national chain of retailers announcing bankruptcy, downsizing, or other restructuring. What started as a drip, has become a flood, and the surge is so strong that it must make shopping center owners, and potential developers, rethink what a shopping center can be in the future.

Every week another national chain of retailers is announcing bankruptcy, downsizing, or other restructuring. What started as a drip has become a flood, and the surge is so strong that it must make shopping center owners, and their lenders, rethink what a shopping center can be in the future.