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Yes, a Chapter 11 debtor may pursue a sale of substantially all of its assets in bankruptcy, with the buyer to operate the business prospectively. A sale of substantially all of a debtor’s assets may occur either inside or outside of a plan of reorganization. A sale of substantially all of a debtor’s assets means a sale of assets such as real estate, inventory, equipment, trademarks and other assets typically sold in an out-of-court asset sale. These sales are governed by § 363 of the Bankruptcy Code and, therefore, are commonly referred to as “363 sales.” The bankruptcy court will approve a sale of substantially all or a portion of a debtor’s assets if all provisions of section 363 are followed, the bid is fair, and the sale is in the best interests of the BK estate and its creditors.