date:Sep 27, 2012
Other stakeholders, including a key
creditor group, were likewise hostile and the case quicklythreatened to spin out of control at a time the company wastrying to stabilize its business operations.
Yet the professionals quickly recognized that a sale ofContessa's assets under Section 363 of the Bankruptcy Coderepresented the best option to preserve its core businesses andits employees, and the first of several necessary steps tomaximize recoveries for its creditors. Scouler identified a
serio