SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : ATPG Shareholders

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Roman Gelsi5/21/2013 10:11:41 AM
1 Recommendation   of 3620
 
The credit bidder should consider including enough extra cash in the transaction so that unsecured creditors get some recovery and/or the debtor can wind down the estate prior to becoming administratively insolvent. Otherwise, the debtor and the credit bidder should expect a hotly contested section 363 sale as they have left the unsecured creditors with no option but to accept a zero recovery.

RECURRENT AND DEVELOPING

ISSUES ENCOUNTERED IN

SALES PURSUANT TO SECTION 363

OF THE BANKRUPTCY CODE

State Bar of Texas

ADVANCED BUSINESS BANKRUPTCY CONFERENCE

May 1 - 2, 2008

Austin, Texas

CHAPTER 2

Moderator

Joseph J.



Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext