Delaware Bankruptcy Court Issues Decisions in Thompson Publishing and American Safety Razor on Section 363 Bidding Procedures | Practical Law
An update on the US Bankruptcy Court for the District of Delaware issuing orders in In re Thompson Publishing Holding Co., Inc. and In re American Safety Razor Company, LLC revising debtors' proposed bidding procedures in section 363 sales to alter the balance of control over the auction process between debtors, stalking horse bidders and other potential bidders.