Chapter 11 Assets Sales
Scott D. Cousins
A debtor, specifically a dot-corn company, may liquidate under a Chapter 11 bankruptcy instead of attempting to reorganize. There are several benefits to the company as well as to its creditors under a Chapter 11 liquidation rather than a Chapter 7 liquidation. This article details the concepts, processes and requirements of asset sales in connection with Chapter 11 of the Bankruptcy Code.