Bankruptcy sale offers: highest is not always best - Lexology (regis...
01/15/13
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Bankruptcy sale offers: highest is not always best
Lexology (registration)
Is there an obligation to sell to the highest bidder in a bankruptcy sale? In Diplomat Construction, the court approved a sale to a bidder that offered less than half of the offer of the highest bidder. Under normal circumstances, cash is king and the ...
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Lexology (registration)
Is there an obligation to sell to the highest bidder in a bankruptcy sale? In Diplomat Construction, the court approved a sale to a bidder that offered less than half of the offer of the highest bidder. Under normal circumstances, cash is king and the ...