New York bankruptcy court abstains on Chrysler section 363 enforcement
Credit: shutterstock/Jonathan Weiss
In a case examining the gatekeeping role of bankruptcy courts asked to enforce section 363 sale orders that provide for a “free and clear” disposal of assets, a New York bankruptcy judge has found that a Florida district court should be left to interpret an order stemming from Chrysler’s decade-old Chapter 11 restructuring.
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