The structure of your purchase significantly impacts your future liability and the complexity of the deal.
: Extremely time-consuming and expensive due to heavy court and creditor involvement.
: You take assets "free and clear" of most previous liabilities; the process is relatively fast.
: Can offer broader protections against successor liability than a 363 sale.
: This is the most common method in Chapter 11 bankruptcy. You buy specific assets (equipment, IP, inventory) rather than the entire company entity.