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Debevoise's Richard Hahn on 363 sales

Published September 17, 2009 at 3:50 PM
The number of 363 sales of assets in bankruptcy cases has increased as the economy collapsed. That's not a surprise. In an illiquid market, struggling debtors have fewer options to raise capital. But Richard Hahn, who co-chairs the bankruptcy and restructuring group at Debevoise & Plimpton LLP, says there's a second factor driving the trend.



In this edition of Inside The Deal, Hahn says 363 sales have become a preferred tactic for loan-to-own investors because of the speed and efficiency with which they can be completed. See the video above or download it at iTunes. - Suzanne Stevens  

Also see:
More strategics invest in distressed assets
Sullivan & Cromwell's Aquila on distressed M&A
Alvarez's Sponseller on prepping for distressed sale
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