When a company that owns a patent portfolio files for bankruptcy, whether Chapter 7 or 11, numerous patent, bankruptcy, scientific, and business considerations are implicated. The best result will be obtained by the use of professionals with specialized skills in each area of law, such as bankruptcy, business, and patent. By identifying, protecting, and maintaining valuable IP assets of a company in bankruptcy, the debtor-in-possession( DIP ) or trustee maximizes the opportunity to salvage business operations or to monetize on valuable IP assets.