Analysts predict that the number of bankruptcies will increase in 2007, enabling secured lenders, distressed fund managers and strategic acquirers to find significant opportunities to purchase financially challenged assets in Chapter 11 reorganization cases.
Buying assets through a Chapter 11 process affords advantages — principally, the ability to purchase assets “free and clear” under a court order — but is also fraught with many pitfalls for the unwary. We highlight here some of these advantages and pitfalls and look at recent trends.
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