by a searcher
from University of Missouri - Robert J. Trulaske, Sr. College of Business
in St. Louis, MO, USA
10mos ago
Experience with acquiring companies in bankruptcy?
Does anyone have any experience acquiring a company out of bankruptcy? If so, was there anything special that you wish you had known before going into the process?
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by a professional
10mos ago
from University of Miami
in New York, NY, USA
^redacted - In my tax law practice, we have structured a few transactions where we represented the buyer, looking to purchase the asset out of bankruptcy. You will need counsel familiar with both bankruptcy and tax (these are Section 381 and Section 382 sensitive transactions, so the bankruptcy acquisition must be structured to comply with tax requirements).
In my previous life, I too was a partner in an AmLaw 100 law firm, and have this experience. In my current iteration, I work hand in hand with bankruptcy co-counsel (who also hails from BigLaw) to represent buyers on deals of this nature.
Happy to provide insight, and assistance. Calendly and contact information below.
Vishal S. Petigara, Esq.
Managing Member
Petigara Law Group, PLLC
Tel: +redacted
Email: redactedredacted
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by an investor
10mos ago
from Illinois Institute of Technology
in Pasadena, CA, USA
Familiarize yourself with a Section 363 asset sale process
This is a court-supervised process that allows a debtor in bankruptcy (typically under Chapter 11) to sell its assets outside the ordinary course of business.