Notice of Intent to Sell Property

A Notice of Intent to Sell Property is a legal document filed by a bankruptcy trustee or debtor-in-possession in a bankruptcy case to inform creditors and other interested parties of their intention to sell certain property of the bankruptcy estate. The notice must include a description of the property to be sold, the terms and conditions of the sale, and the deadline for objecting to the sale. The purpose of the notice is to provide an opportunity for creditors and other parties to review the proposed sale and to raise any objections or concerns they may have. If no objections are filed, the trustee or debtor-in-possession may proceed with the sale without further court approval. If objections are filed, the court will hold a hearing to consider the objections and determine whether the sale should be approved.