- 11 U.S.C.
In re Buffalo Coal Co.
Nov
15
2006
Ruling
Portion of proceeds of sale of estate property placed in escrow pending determination of which party was entitled to funds.
Procedural posture
After the debtor filed a chapter 11 bankruptcy petition, it proposed to package an unexpired lease of nonresidential property, the related mining permits, and other assets for sale. The court approved the sale after a hearing, but ordered that a portion of the purchase price be placed in escrow pending resolution of the character of those funds. The court issued a memorandum to explain its rationale.
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Court
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