The acquisition of bankrupt firms has increasingly taken place through section 363 of the U.S. Bankruptcy Code. Some scholars are critical of 363 sales because the process weakens creditors' voting rights, takes place quickly, and has limited information disclosure compared with sales that take...

In some states properties are subject to a statutory right of redemption, which allows the previous homeowner and other parties to "redeem" the property for some designated period of time after the date of foreclosure. The statutory right of redemption exposes purchasers to the risk that they...

The presence of strategic customers may force an already financially distressed firm into a death spiral: Sensing the firm's financial difficulty, customers may wait strategically for deep discounts in liquidation sales. In turn, such waiting lowers the firm's profitability and increases the...

In response to persistent claims that objections to bankruptcy sales cause wasteful, unnecessary and inappropriate delays, this article concludes that bankruptcy courts should adopt a preliminary injunction standard for evaluating such objections. Employing a strict, clear and uniform standard...