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The number of 363 sales of assets in bankruptcy cases has increased as the economy collapsed. That's not a surprise. In an illiquid market, struggling debtors have fewer options to raise capital. But Richard Hahn, who co-chairs the bankruptcy and restructuring group at Debevoise & Plimpton LLP, says there's a second factor driving the trend. In this edition of Inside the Deal, Hahn says 363 sales have become a preferred tactic for loan-to-own investors because of the speed and efficiency with which they can be completed.
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