In re Daufuskie Island Props. LLC
Nov
09
2010
Ruling
Creditor could not credit bid disputed mortgage debt.
Procedural posture
In connection with the sale of assets of the bankruptcy estate by auction, which included credit bidding, certain issues arose regarding the credit bidding. Those issues were decided at a hearing. The instant opinion memorialized the decisions. After an auction was held, the Trustee requested that the court confirm the successful bidders upon the conclusion of the auction.
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Court
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