Under section 363 of the Bankruptcy Code, a debtor is permitted to sell substantially all of its assets outside of a plan of reorganization. Over the past two decades, courts have increasingly liberalized the standards under which 363 sales are approved. A recent decision from the United States Court of Appeals for the Third Circuit,
USA, Banking, Insolvency & Restructuring, Litigation, Locke Lord LLP, Debtor, Title 11 of the US Code, Third Circuit