Buying Assets in Bankruptcy: Has the Second Circuit Taken the Wind Out of Sales Free and Clear?

 
ABA Business Law Today
December 15, 2016

Jeanne Darcey wrote an article, "Buying Assets in Bankruptcy: Has the Second Circuit Taken the Wind Out of Sales Free and Clear?," which was published by the American Bar Association's Business Law Today on December 15, 2016. The article discusses the Second Circuit's recent decision in Celestine Elliott, et al. v. General Motors LLC (In re Motors Liquidation Co.), and how it affects the boundaries of a free-and-clear sale order.