Bankruptcy Code

Bankruptcy is a legal declaration that allows some debtors to discharge their unsecured debts. The text of this statute is provided as general information to the public. It may be amended, revised, or rescinded at any time without notice. This information is not intended to be legal advice. For more information, please see our disclaimer.

11 U.S.C. § 1206. Sales free of interests

After notice and a hearing, in addition to the authorization contained in section 363(f) [11 USCS § 363(f)], the trustee in a case under this chapter [11 USCS §§ 1201 et seq.] may sell property under section 363(b) and (c) [11 USCS § 363(b) and (c)] free and clear of any interest in such property of an entity other than the estate if the property is farmland, farm equipment, or property used to carry out a commercial fishing operation (including a commercial fishing vessel), except that the proceeds of such sale shall be subject to such interest.