Replies to post #1506 on ATP Oil & Gas Corp fka ATPAQ

[56Chevy]

could the DIP lenders force a 363 sale even if the proceeds would not be enough to pay 2nd liens in full.

The answer to that may depend on which courtroom you're doing the asking in.

<taken from the article>

While these questions have arisen
often, rulings have varied from
jurisdiction to jurisdiction, and there is
limited appellate guidance to direct future
decisions since most sale orders are
mooted before effective appeals can be
mounted.

[TheProfit]

Great post Romang!

[Enterprising Investor]

The answer lies in those missing objections.

I would not fret about it right now. Filings tend to show up at the last minute... for a reason. The goal is to always wait until the last minute. This gives your adversary little time to react and the formulate a counterattack.