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In re Urban Commons 2 W. LLC

In re Urban Commons 2 W. LLC

Ruling
Foreclosure sale was a legal proceeding that could compel interest holders to accept a money satisfaction, justifying proposed free and clear sale of debtors’ leasehold interest in hotel. (Bankr. S.D.N.Y.)
Issue(s)
Use, Sale or Lease of Property; When Property May Be Sold Free and Clear of Any Interest; Where Acceptance of Money Satisfaction Could be Compelled.

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Commercial opinion summary, case decided on March 04, 2025 , LexisNexis #0525-008