- 11 U.S.C.
LT Builders Group LLC v. Blue Sky AvGroup LLC (In re Aircraft Investor Res. LLC)
Jun
08
2011
Ruling
Objections to results of inventory duly conducted pursuant to asset purchase agreement dismissed as untimely and without basis.
Procedural posture
Plaintiff, the assignee of debtor's assets through a sale pursuant to 11 U.S.C.S. § 363, moved for summary judgment on its claims against defendants, amateur airplane builders, and defendants' counterclaims. The assignee sought a judgment declaring that defendants' claims to general inventory items or any other personal property items were untimely, barred and/or waived (Count 1), and they had no ownership interest in such items (Count 2).
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Court
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