Bankruptcy Is a Wonderful Place to Go Shopping
Bankruptcy often requires the sale of some or all of the debtor's assets. Interested parties can and should take advantage of these sales for two reasons: When an individual or business buys assets from a debtor in bankruptcy, those assets are transferred with a court order that provides that those assets are transferred free and clear of liens or encumbrances of any kind. Additionally, with careful negotiation, the amount paid can be far less than the value of what is being purchased.
How to Get the Best Deals in Bankruptcy Sales
In a bankruptcy, the amount paid is not necessarily based on the value of the assets or businesses being purchased, but on the circumstances of the bankruptcy. However, deals do not simply appear. They require experience and knowledge of the bankruptcy process.
At The Lobel Firm, L.L.P., our attorneys have more than 40 years of bankruptcy experience. We understand how to take advantage of the circumstances of bankruptcy to purchase assets at very favorable prices.
To discuss buying assets or businesses out of bankruptcy in California with one of our experienced lawyers, call 949-791-9642 or contact us via e-mail.
