Bankruptcy Code Section 363

Under section 363 of the us bankruptcy code.

Bankruptcy code section 363. Use sale or lease of property on westlaw findlaw codes are provided courtesy of thomson reuters westlaw the industry leading online legal research system. While unfortunate this provides opportunities for others to purchase assets of distressed companies through the bankruptcy process. A sale under section 363 of the united states bankruptcy code section 363 sale can provide a useful tool for distressed companies seeking to sell their assets and a potential opportunity for buyers to purchase the assets at bargain prices.

Section 363 use sale or lease of property. For more detailed codes research information including annotations and citations please visit westlaw. A in this section cash collateral means cash negotiable instruments documents of title securities deposit accounts or other cash equivalents whenever acquired in which the estate and an entity other than the estate have an interest and includes the proceeds products offspring rents or profits of property and the fees charges accounts or other payments for the use or occupancy of rooms and other public facilities in hotels.

Section 363 k of the house amendment is derived from the third sentence of section 363 e of the senate amendment. Sales of assets under section 363 can range from the sale of office furniture by a chapter 7 trustee or a sale of substantially all assets of a chapter 11 debtor. The sale enables debtors to fulfill their obligations to creditors by selling their assets and using the funds collected to settle their debts.