Six Steps to Purchasing

Assets from a Bankrupt

Entity

Six Steps to Purchasing Assets from a

Bankrupt Entity

Suzzanne Uhland currently serves as a partner with O’Melveny & Myers LLP. Over

the course of her career, Suzzanne Uhland has become well versed in the steps

necessary to complete asset acquisition from a bankrupt entity.

Six Steps to Purchasing Assets from a

Bankrupt Entity

Purchasing assets from a bankrupt entity begins with the submission of a term

sheet to the debtor.

Six Steps to Purchasing Assets from a

Bankrupt Entity

After the initial material terms and conditions have been detailed and delivered

to the debtor, negotiations can begin while the acquiring party begins to perform

the necessary due diligence involved in such a purchase. Depending on the size

of the assets involved, the acquiring party may request an on-site inspection .

Six Steps to Purchasing Assets from a

Bankrupt Entity

When the term sheet has been finalized, an official Asset Purchase Agreement

(APA) can be drawn up.

Following both parties approval of the APA, a sales procedures order must be

reviewed and accepted by the bankruptcy court.

Six Steps to Purchasing Assets from a

Bankrupt Entity

When the term sheet has been finalized, an official Asset Purchase Agreement

(APA) can be drawn up.

Following both parties approval of the APA, a sales procedures order must be

reviewed and accepted by the bankruptcy court.