- 11 U.S.C.
In re Metaldyne Corp.
Aug
12
2009
Ruling
Motion for sale of substantially all assets to consortium representing 97% of prepetition secured debt granted.
Procedural posture
Debtors moved pursuant to 11 U.S.C.S. § 363(b)(1) and (k) to approve the sale of substantially all of their assets to a consortium representing approximately 97 percent of the debtors' prepetition term lenders' secured debt. An owner of approximately $ 3.5 million of the over $ 425 million of the debtors' prepetition secured term debt filed an objection to the sale.
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Court
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