- 11 U.S.C.
In re Renaissant Lafayette LLC
Jan
07
2011
Ruling
Sale of assets to bank based on its sole "stalking horse" bid approved.
Procedural posture
Debtor, a debtor in possession (DIP), filed an amended motion for an order of the court approving the sale, pursuant to an Asset Purchase Agreement (APA) with a bank, of substantially all of its assets free and clear of liens, claims, encumbrances and interests per 11 U.S.C.S. § 105 and 11 U.S.C.S. § 363, approving the assumption and assignment of executory contracts and unexpired leases per 11 U.S.C.S. § 365, granting related relief.
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Court
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