Pros and Cons of 'Stalking Horse' Bids in Chapter 11 Sales...

Pros and Cons of 'Stalking Horse' Bids in Chapter 11 Sales
Corporate Counsel (registration)
A Chapter 11 debtor that seeks to sell its assets must demonstrate to the bankruptcy court that it obtained maximum value for the subject assets. To accomplish that goal, the debtor will ask the bankruptcy court to approve a competitive auction process ...