Troutman Pepper's Creditor’s Rights Toolkit is a series that provides practical insights to help creditors confront the challenges of commercial bankruptcy.

Successor liability is a legal doctrine that sometimes permits a creditor to look to a successor entity for payment of its claim. Generally, bankruptcy sales protect purchasers from such claims under Section 363(f) of the Bankruptcy Code, but there are limited exceptions.

This article briefly explains the key issues of successor liability in a bankruptcy sale.