Third Party Asset Sales Representation
Bankruptcy is often a great time for companies and individuals to find assets to acquire from a debtor or bankruptcy Trustee. Whether it is real property, boats, inventory, accounts receivable, right to legal actions, a brand name, patents, or any other type of asset, the attorneys at Leiderman Shelomith Alexander + Somodevilla, PLLC can help you acquire assets. We have experience structuring the deal and helping ensure that you maximize the benefits of buying assets in a bankruptcy proceeding, including the right to a determination that the assets are being sold free and clear of any liens, claims, and/or encumbrance.
This unique feature of a bankruptcy sale process allows the buyer to seek certain determinations by the Bankruptcy Court that a buyer is not able to receive in a normal sale transaction. We can further help you negotiate break-up fees if you seek to be the stalking horse bidder (the initial bidder providing the opening bid) in a bankruptcy auction.