As the GM post-confirmation litigation moves through the New York Bankruptcy Court, it is important not to lose sight of how the underlying issues in Motors Liquidation may impact today’s bankruptcy environment, where asset sales under section 363 have proven to be critical to saving businesses and jobs.
What should sellers and purchasers of distressed assets know to preserve their ability to use section 363 as a viable tool in the sale of distressed assets?
Writing for the Wall Street Journal’s “Bankruptcy Beat,” our partner Rick Chesley concisely explores this issue.
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