Quantcast

Tag Archives: U.S. Bankruptcy Court

Sale of estate to auctioneer’s own company not ‘inherently unfair’ (access required)

Although the auctioneer’s own company placed the winning bid on the real property, the sale was not “inherently unfair” because the advertising for the auction, the bidding process and the actual bidding were conducted at arm’s length. However, because the ...

Read More »

Order of sale of property approved assumption of lease for that property (access required)

Where an order of sale approved a purchase agreement for debtors to sell certain property, and the agreement provided that the lease for the property would be transferred to the buyer pursuant to assumption and assignment and the debtors would ...

Read More »