Apr
21
2009
- 11 U.S.C.
Ruling:
Sale of debtor LLC's membership interests and transfer of assets approved.
Procedural posture:
The debtors submitted a motion for and order approving their selection of a buyer as the highest and best sale qualifying bid to purchase the reorganized debtors' membership interests, and indirectly the assets for sale, for consummation of the sale pursuant to and asset purchase agreement (APA) and the confirmed reorganization plan.
Issue:
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Commercial case opionion summary, case decided on April 21,2009, LexisNexis #0709-114