Acquiring assets from a company in bankruptcy is arguably the best way to acquire assets in a way that prevents the bankrupt companies’ creditors from asserting any interests or claims against the assets. However, such bankruptcy “cleansing” of sales is not limitless. John Higgins, a Houston attorney and old friend, oversaw the writing of this Houston Business Journal article on asset sales in bankruptcy. It is a good overview of the law in this area for businesspersons and non-bankruptcy lawyers.