Many take exit to Ch. 7; others try ‘363 Sale’

by Ted Carter Published: March 27,2011
Tags: Doug Noble, Kristina Johnson
The high cost of staying afloat while reorganizing under a Chapter 11 bankruptcy filing is forcing more businesses to accept unconditional surrender under Chapter 7 liquidation. But others are exiting their enterprises by attracting buyers who use a provision of the Chapter 11 code to pick up a debtor’s assets free of liens and other [...] [...]

