The secured creditor’s plan of reorganization.
A sale of some or all of the debtor’s assets in bankruptcy, a chief feature of which is the debtor’s ability to sell assets free and clear of liens and other interests if the debtor can satisfy the relatively liberal requirements of Section 363(f). Often far preferable to the secured creditor than a piecemeal liquidation of the debtor outside of bankruptcy.
Bankruptcy Code § 363. See also 363 Auction, Bid Protections, Break-Up Fee, Credit Bid Rights, Sale Free and Clear, Stalking Horse, Sub Rosa Plan, Topping Fee.