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Fifth Circuit Weighs In on Bankruptcy Asset Sales Free and Clear of Leasehold Interests | Jones Day - Vimarsana News

Fifth Circuit Weighs In on Bankruptcy Asset Sales Free and Clear of Leasehold Interests | Jones Day

The ability of a trustee or chapter 11 debtor-in-possession ("DIP") to sell bankruptcy estate assets "free and clear" of competing interests in the property has long been recognized as...

Fifth Circuit Gives Commercial Lessees Likely Protection in Bankruptcy Court Free and Clear Asset Sales - Vimarsana News

Fifth Circuit Gives Commercial Lessees Likely Protection in Bankruptcy Court Free and Clear Asset Sales

A bankruptcy court gave “unnecessary and unlikely incorrect” reasoning to support its “excessively broad proposition that sales free and clear under…