Seventh Circuit Bars Bad Faith Asset Buyer Protection

"Good-faith purchasers enjoy strong protection under [Bankruptcy Code] §363(m)," but the silent asset buyer ("B") with "actual and constructive knowledge of a competing interest" lacks "good faith," held the U.S. Court of Appeals for the Seventh Circuit.

7 minute readJune 01, 2022 at 12:07 AM
By
Michael L. Cook
Seventh Circuit Bars Bad Faith Asset Buyer Protection

"Good-faith purchasers enjoy strong protection under [Bankruptcy Code ("Code")] §363(m)," but the silent asset buyer ("B") with "actual and constructive knowledge of a competing interest" lacks "good faith," held the

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