What Is a Section 363 Bankruptcy Sale and How Does the Process Work?
Creditor's Rights Toolkit
A Section 363 sale is a sale of a company's assets pursuant to Section 363 of the Bankruptcy Code. The Bankruptcy Court will approve a 363 sale if the debtor can demonstrate a "substantial business justification" for the sale.
This article summarizes the general process of a Section 363 bankruptcy sale. To access this article and read other insights from our Creditor's Rights Toolkit, please click here.