SECTION T - SALE & TRANSFER OF ASSETS

If it was necessary to sell or transfer assets (including a business) of an insolvent corporate borrower what, if any, are the major difficulties or problems associated with that process (for example restrictions on transfer or sale of land; providing for the transfer or welfare of employees on a sale or transfer of a going concern business)?

 

The proper appraisal of the assets to be transferred may be difficult.