Replies to post #441 on ATPG Senior 11.875% 2nd Lien Bonds (fka ATPG.GE)

[Enterprising Investor]

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".