Sale Order

The order entered by the bankruptcy court approving and authorizing a 363 sale. The order is usually drafted by the buyer and often includes provisions making the sale free and clear not just of liens and interests but of various “claims” such as successor liability claims and perhaps even recoupment rights and other defenses of parties to contracts assigned as part of the sale.

See also 363 Auction, 363 Sale, Sale Free and Clear.

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