Consumer Bankruptcy Law and Practice: 18.9.3 Sales of Assets Under 11 U.S.C. § 363
In both chapter 7 and chapter 11 cases, but more commonly in the latter, the rights of creditors may be determined not by a liquidation or plan confirmation process, but rather through a sale of some or all of the debtor’s assets, free and clear of interests in the property, under 11 U.S.C. § 363(b) and (f).