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On April 13, the sale was approved by the bankruptcy court. [53] McCourt separately sold the land surrounding the stadium for $150 million to the same group, while maintaining some economic interest in the property. The new ownership pays $14 million to rent the parking lots surrounding Dodger Stadium from an entity half-owned by McCourt. [54]
Duran Transfer Inc. started in 1995 and filed for Chapter 11 bankruptcy in 2022. The company had previously hauled cargo for the U.S. Postal Service.
SANDWICH ― Acres of undeveloped land are now on the market after its owners filed for bankruptcy. The main parcel at 225 Discovery Hill Road comprises 47.54 acres, while a second nearby parcel ...
Foreclosure by judicial sale, commonly called judicial foreclosure, involves the sale of the mortgaged property under the supervision of a court. The proceeds go first to satisfy the mortgage, then other lien holders, and finally the mortgagor/borrower if any proceeds are left.
A stalking horse offer, agreement, or bid is a bid for a bankrupt firm or its assets that is arranged in advance of an auction to act, in effect, as a reserve bid. [1] [2] The intent is to maximize the value of its assets or avoid low bids, as part of (or before) a court auction.
Senior housing locations across Illinois listed for sale following bankruptcy. Gannett. Claire Grant, Springfield State Journal- Register. August 15, 2024 at 4:35 AM.
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