The proposed buyer agreed to pay $100 million for a major Manhattan bus station. The purchase price included assuming a $72 million loan from the seller’s foreign investors. The buyer backed out in the face of demands by the landlord,…
The proposed buyer agreed to pay $100 million for a major Manhattan bus station. The purchase price included assuming a $72 million loan from the seller’s foreign investors. The buyer backed out in the face of demands by the landlord,…
Learn about a recent bankruptcy case involving a struggling popsicle business and the legal challenges faced by the buyer. Discover how the court’s ruling highlights the importance of using Bankruptcy Code Section 363 to acquire distressed businesses and avoid successor…
Explore a case involving a Section 363 bankruptcy sale where a buyer’s liability was upheld by the court despite not signing the purchase agreement. Gain insights into the legal implications of court-approved sales orders in distressed business acquisitions. March 11,…
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