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363 Services

363 and pre-packaged BK?

Section 363 Bankruptcy Sale defined: A section 363 Bankruptcy sale is a sale of assets in a bankruptcy case, usually in a Chapter 11 reorganization. An expedited auction of a bankrupt company where buyers are able to purchase assets free of any liens. Liens on the underlying assets sold will be reattached to the proceed of the sale and paid accordingly. Section 363 sales do not require shareholder approval.