Motion: Approve Section 363 Sale (Delaware)

This legal template – the Motion: Approve Section 363 Sale (Delaware) – pertains to a motion filed in a Delaware court seeking approval for a specific type of asset sale process. Section 363 of the United States Bankruptcy Code allows for the sale of assets in bankruptcy cases. In this scenario, the motion is filed by a party involved in a bankruptcy case, such as a debtor or trustee, requesting permission from the court to proceed with the sale of certain assets of the bankrupt entity. The motion outlines the proposed terms of the sale, including the purchaser, purchase price, and other relevant details. Additionally, it presents the justifications and benefits of the sale, discussing how it would maximize the value of the assets and ultimately benefit the creditors. The motion typically argues that the proposed sale complies with the requirements of Section 363 and that it is in the best interests of all parties involved. Ultimately, the court will review the motion, consider any objections from interested parties, and determine whether to approve or deny the proposed Section 363 sale.