A Practical Guide in Section 363 Sale Process: Key Considerations to Mitigate Exposure to Risks LIVE Webcast
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Overview:
Section 363 of the U.S. Bankruptcy Code is a significant tool for distressed companies seeking to sell their assets. It also provides potential buyers with the chance to purchase assets at a bargain price and free of liens through the bankruptcy process. However, though the Section 363 sale process provides several opportunities to both debtor and creditor, the risks associated with acquiring a distressed business should always be underscored.
The unexpected disruptions in the bankruptcy asset sale landscape brought by the COVID-19 pandemic have also created myriad challenges. Thus, businesses and practitioners should have an in-depth knowledge of the sale process and ensure careful planning to avoid drawbacks.
In this live webcast, bankruptcy experts Ryan Sullivan (Curran Antonelli) and David Straub (Delaware Trust) will provide a comprehensive discussion of the Section 363 sale process. Among the topics to be reviewed are common risk issues and practical strategies to successfully acquire assets, especially during the COVID-19 crisis.
Key issues include:
- An overview of Section 363
- The bankruptcy sale process
- Pros and cons
- COVID-19 implications
- Risk mitigation techniques
- Best practices
As a highly experienced litigator and trial attorney, Mr. Sullivan has effectively served debtor, creditor and trustee clients in the defense and prosecution of involuntary proceedings, prosecution of motions for relief from sale, defense of preference claims, objections to 363 sales, defense of turnover claims, confirmation proceedings, and the recovery of fraudulent transfers
David is a member of the Philadelphia chapter of the Association of Corporate Growth, where he has served on the organization’s steering committee. He is also a board member of several privately held companies, as well as Paoli Presbyterian Church. He holds an MBA from the University of Delaware and is also a certified public accountant, certified cash manager, and certified information systems auditor.
