The filing of Chapter 11 results in the creation of a new legal entity known as the "debtor in possession" - - the old debtor in new legal clothes. In its new clothes, the debtor in possession may, like the bankruptcy trustee in a Chapter 7 liquidation, attempt to avoid (i.e. undo) some transactions pre-dating the filing of the bankruptcy petition. In this case, were the debtor in possession able to avoid the non-judicial foreclosure sale, it might then be able to arrange for another sale and reap some of the funds from a potentially higher sale price for its own benefit as a reorganizing entity.