Bankruptcy is a complex legal procedure and there are a number of different aspects to each different case. One of those aspects can be the so-called “stalking horse bid.” This type of strategy is an initial bid from an interested company on a bankrupt company’s assets. The bidder is chosen from a pool of candidates, and must perform their due diligence in placing their bid. There are a number of advantages and risks associated with this type of strategy. These types of bids typically occur during a Chapter 11 and can significantly reduce the amount of time that the bankrupt company will spend in court.
About Chad Van Horn
Chad T. Van Horn, Esq. is a South Florida business leader and founding partner attorney of Van Horn Law Group, P.A. Through a combination of dedicated philanthropy, spirited entrepreneurship and legal expertise, he applies his resources and network to helping people. Learn more about Chad Van Horn.