James Sullivan a Panelist at Financial Poise Webinar "The Nuts & Bolts of Bankruptcy Law: The Nuts & Bolts of a 363 Motion"

James Sullivan, partner in Seyfarth's Corporate department, will serve as a panelist for Financial Poise's webinar, "The Nuts & Bolts of Bankruptcy Law: The Nuts & Bolts of a 363 Motion," on April 17.

Many chapter 11 cases result in one or more sales of estate assets outside of the ordinary course of business. And each such sale requires the debtor to obtain court approval before consummating such a sale. Many chapter 11 debtors wind up selling substantially all of their assets as a going concern to a third party after obtaining court approval to do so through the court’s approval of a 363 sale motion.

This webinar explains what a 363 motion needs to include, the procedural requirements a debtor must satisfy to persuade a court to approve it, and the arguments that objecting parties may make in opposition. Importantly, this webinar puts a 363 motion into proper context relative to a chapter 11 bankruptcy case as a whole.