Old 08-26-2025 | 01:32 PM
  #1382  
Hedley
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Joined: Aug 2020
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Depending on the size of the sale, is a 363 asset sale big enough to trigger merger or fragmentation language? Under that section of the bankruptcy law, could one entity just cherry pick the desirable pieces and leave the rest, including employees? If Frontier were to take over the leases on only the NEO’s that they want, some slots, and some gates under a 363 asset sale, what happens to all of the excess employees? I’ve done CH 11 a couple of times and one CH7, but 363 is new to me.
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