In re Christ Hospital, No. 12-12906; U.S. Bankruptcy Court (DNJ); opinion by Stern, U.S.B.J.; filed December 3, 2013. DDS No. 42-6-xxxx [41 pp.]
Movant (collectively, Hudson) was the successful bidder in bankruptcy for the assets of Chapter 11 debtor Christ Hospital, a New Jersey not-for-profit corporation. The sale, pursuant to a court-ordered auction process, was approved by order of the bankruptcy court (the sale approval order). That order provided Hudson with what it contends are the benefits of broad “free and clear” protections as a purchaser of hospital assets per 11 U.S.C. § 363(f).
