Bankruptcy Sales 101
Bankruptcy sales embody the essence of the statement “one person’s trash is another’s treasure.” In this post we will be discussing the opportunity of buying assets out of a bankruptcy sale. When a business declares bankruptcy under Chapter 11 of the Bankruptcy Code, a court will oversee the process of the debtor’s reorganization of its assets and business affairs. Often-times a great deal of an indebted company’s assets are sold at major discounts pursuant to a court’s approval under Section