bankruptcy sale

bankruptcy sale
bankruptcy sale
A free and clear sale of debtor's real estate or personal property conducted by the bankruptcy court through the trustee in order to obtain proceeds for distribution to creditors of the bankruptcy estate. (Bernstein's Dictionary of Bankruptcy Terminology)

United Glossary of Bankruptcy Terms 2012.

bankruptcy sale
A free and clear sale of debtor's real estate or personal property conducted by the bankruptcy court through the trustee in order to obtain proceeds for distribution to creditors of the bankruptcy estate.

US Bankruptcy 2012.


Glossary of Bankruptcy.

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Look at other dictionaries:

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  • bankruptcy — /bangk rupt see, reuhp see/, n., pl. bankruptcies. 1. the state of being or becoming bankrupt. 2. utter ruin, failure, depletion, or the like. [1690 1700; BANKRUPT + CY] * * * Status of a debtor who has been declared by judicial process to be… …   Universalium

  • Section 363 sale — or 363 sale the sale of corporate assets under Section 363 of the Bankruptcy Code. Under Section 363(f), a bankruptcy trustee or debtor in possession may sell the bankruptcy estate s assets free and clear of any interest in such property.… …   Glossary of Bankruptcy

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  • order of sale — Legal status pursuant to a Court Order whereby a person can obtain the authority to arrange a sale, subject to Court approval, with the sale proceeds being available to satisfy valid encumbrances. (Dictionary of Canadian Bankruptcy Terms) United… …   Glossary of Bankruptcy

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