Free Distressed Asset Purchase LOI Generator (Bankruptcy Section 363)
For buying assets from a distressed company or out of bankruptcy. Covers stalking horse terms, break-up fee, assumed contracts, and court approval. Fill in the terms on the left. Your letter of intent updates on the right. Download it as a Word file when you're done.
Before you use this: Bankruptcy and receivership sales follow court procedures and local rules. Have bankruptcy counsel review before submitting a bid.
What this template covers
- Process
- Acquired assets
- Purchase price
- Credit bid
- Deposit
- Assumed contracts
- Stalking horse protections
- Court approval
- Employees
- As is
Paragraphs marked binding, such as confidentiality and exclusivity, are meant to be enforceable. Everything else is non-binding. The example terms are only examples. Replace them with your deal. Use the × next to any term to remove it, or add your own terms at the bottom of the form.