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Enterprising Investor

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Re: romang post# 441

Tuesday, 05/14/2013 8:41:38 AM

Tuesday, May 14, 2013 8:41:38 AM

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A Section 363 sale is designed to lead to a quick sale.

The buyer ends up purchasing assets free and clear of any liens and encumbrances. The end result for the estate is a pile of cash to distribute to the stakeholders based on absolute priority subject to senior class "give ups".

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International

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