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ABI Journal

Asset Sales

Shift Technologies, Inc.: Salvaging Technology and Digital Assets in Chapter 11, a Case Study by Hilco Streambank

Launched in 2014, Shift Technologies was a consumer-centric, omnichannel retailer for buying and selling used cars with the goal of improving the customer car-buying experience.[1] The company went public in 2020 via a de-SPAC merger and thereafter effectuated a number of strategic acquisitions, including the acquisition of complementary online vehicle-selling technology platform Fair Dealer Services, LLC and CarLotz, Inc., a consignment-to-retail used vehicles marketplace that operated a tech-enabled buying, sourcing and selling model online and a

Free and Clear? Attorney General Approval in § 363 Sales of California Health Care Facilities

More than half of the private hospitals in this country are run by nonprofits.[1] In California, that figure may exceed 70%.[2] It has been well documented that health care bankruptcies are on the rise, and that these health care bankruptcies often result in the sale of substantially all of the health care nonprofit’s assets pursuant to § 363 of the Bankruptcy Code.[3] By quickly selling its assets to a more financially sound entity, a health care nonprofit m

Social Media Accounts and Subchapter S Election: All Vital Assets

The use of social media accounts by companies is now commonplace, and these social media accounts have themselves become valuable assets.[1] In a recent bankruptcy case, the debtor company sought to sell substantially all of its assets, and the bankruptcy court had to analyze who owned the debtor’s social media accounts: the debtor, or the debtor’s former CEO.

Friday, May 31, 2024
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Tuesday, May 28, 2024
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Tuesday, May 28, 2024
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Wednesday, May 22, 2024
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Friday, May 17, 2024
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Tuesday, May 14, 2024
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