Suzzanne Uhland is an accomplished attorney with over 20 years of experience who currently works as a partner at O'Melveny & Myers. She specializes in bankruptcy and insolvency law and chairs the firm's U.S. Restructuring Practice. During periods of economic turmoil, financially distressed businesses may liquidate assets to raise capital or restructure debt. These sales often occur after a company files for bankruptcy and provide buyers protections from the bankruptcy court process. However, sales outside this process require lender and shareholder consent and may be "as is" with no warranties or protections, carrying the risk of litigation for fraudulent conveyance. Both parties should adequately document asset values to avoid this.