The ability of a trustee or chapter 11 debtor in possession ("DIP") to sell bankruptcy estate assets "free and clear" of liens on the property under section 363(f) of the Bankruptcy Code has long been recognized as one of the most powerful tools for restructuring a debtor’s balance sheet and generating value in bankruptcy.
USA, Banking, Insolvency & Restructuring, Litigation, Real Estate, Jones Day, Debtor in possession, United States bankruptcy court