The 503(b)(9) Administrative Claim Dilemma In 363 Sales
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The 503(b)(9) Administrative Claim Dilemma In 363 Sales
By Paul Labov, Partner & Audrey Noll, Counsel, Fox Rothschild LLP
U.S. Bankruptcy Code Section 363 asset sales have become a favored bankruptcy alternative to the traditional Chapter 11 reorganization. One big reason is perceived cost savings. Because Section 363 sales generally are concluded much sooner than confirmation of a Chapter 11 plan, the associated...
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Audrey Noll is counsel with Fox Rothschild and devotes her practice to bankruptcy, corporate reorganization, and debtor/creditor matters. Her clients include Chapter 11 debtors, secured and unsecured creditors, shareholders, committees, and licensors. She handles cases involving a broad range of businesses and industries, including hospitality, manufacturing, energy, and entertainment. Noll is resident in the firm’s Las Vegas office but spends a majority of her time in Tel Aviv, Israel.
Paul Labov is a partner with Fox Rothschild and an experienced financial restructuring and bankruptcy attorney focusing his practice on creditor-side representation in both national and international bankruptcy proceedings. He frequently counsels hedge funds, insurance companies, and commercial banking institutions with respect to the purchase of assets out of bankruptcy, debtor-in-possession financing, claims trading, intellectual property, real estate, derivatives, and the treatment of other financial instruments in bankruptcy. Additionally, Labov represents Chapter 11 trustees in all aspects of corporate debtors’ estates.
