06 Jun 2023
Bidding Farewell to the Bid Procedures
You represent a party objecting to the bid procedures proposed in connection with the sale of a bankruptcy debtor's assets. Parties may object to a debtor’s bid procedures for a variety of reasons, including, among others, excessive bid protections and a quick timeline for the sale. Use this Practical Guidance template when drafting an objection to the debtor’s bid procedures.
Related Content
- Cure Objection
Use this template when objecting to the debtor's proposed cure under the parties' executory contract or unexpired lease.
- Collusive Bidding in Section 363 Sales
Review this practice note to understand the prohibition on bidders colluding to affect the sale price at an auction of the debtor's assets.
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Read this practice note for a discussion of breakup fees in the context of sales under Section 363(b) of the Bankruptcy Code.
- Creditors’ Committee Objections
See this practice note for a discussion of common creditors’ committee objections in Chapter 11 cases, including, among others, sale objections.
- Objection Practice Checklist
Use this checklist when preparing an objection to a motion in a bankruptcy case.
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