The interesting question is whether the 2 Million 2 Million in unsecured debt held by the lenders who prosecuted the Chapter 11 case is the only debt of the 185 entities, or whether they have A&D loan and construction loan debt as well.
I cannot see how the 185 debtors can ask the Bankruptcy Court to approve debtor-in-possession financing until after September 16, 2008, so it will be interesting to see if this 2 week delay will work from a practical point of view.
is to help small business owners like you, save money.
We’ve found our little niche in life and have filled it with optimistic thoughts and prayers for the success of our customers.
We provide a turn key system for auction marketing operations within our company.Working with Rick Levin & Associates through a multi-year contract from the Federal Deposit Insurance Corporation (FDIC), they will provide auction services related to failed financial institutions throughout the United States. These are located at 2 different locations, please be aware.These items are used inventory from the Eastland Mall in Bloomington, IL & the Hickory Point Mall in Decatur, IL.has been a long standing customer of Martin Auction and we hold several equipment and utility auctions throughout the year that will include bucket trucks, aerial equipment, construction equipment and fleet vehicles.Auctions and consignments from surrounding farmers have been the traditional support of Martin Auction.