Michael Gesas quoted in Law360 article on tips for bankrupt companies looking to sell assets

Michael Gesas quoted in Law360 article on tips for bankrupt companies looking to sell assets
October 9, 2013

[caption id="" align="alignleft" width="90"] Michael Gesas[/caption] Arnstein & Lehr Chicago Partner Michael L. Gesas recently contributed to a Law360 article titled, “5 Tips for Bankrupt Companies Looking To Sell Assets,” that was published on October 1.  The article discusses about how Chapter 11 filings across the country have decreased, but distressed companies are still utilizing asset sales under Section 363 of the U.S. Bankruptcy Code.  By doing so, this protects the value of the individual’s business and avoids liquidation. However, struggling businesses need to carefully construct their approach to a sale to avoid being taken advantage . The article provides five recommended practices given by bankruptcy professionals for distressed companies considering a sale. To read the article in full, please click here