Bankruptcy Asset Sales and Purchases

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Let one of our attorneys here at the Business Reorganization and Bankruptcy Subpractice Group of Culhane Meadows PLLC gu...

  • Category: Other Services
  • Published: 14/07/2015
  • Current Rating: /5 0 Vote

    Description

    Let one of our attorneys here at the Business Reorganization and Bankruptcy Subpractice Group of Culhane Meadows PLLC guide you through the process of conducting a section 363 sale. These sales are usually conducted using a double auction process to generate the highest and best offer and generally involve 5 key steps: Step 1 is a first auction and includes setting up an unofficial deal negotiation using a stalking horse bid. Step 2 includes giving at least 21 days’ notice of the hearing to approve the sale process to all creditors. Step 3 is the second auction, or “Courtroom” auction, that comes after the court approves the sale process. In step 4 all the transaction documents are submitted to the court for approval. Finally, step 5 is the closing. You can find more information on our website . With years of experience in section 363 sales our attorneys have the knowledge and skills to guide you through the process. For More Information :


    http://chapter11dallas.com/bankruptcy-363-asset-sales/


    Phone Number : (214) 210-2929

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