Legal Opinion

In Re Hart's Manufacturing Co.

United States Bankruptcy Court, W.D. Tennessee

Decided March 19, 2008No. 19-21118Published

1Opinion of the Court

MEMORANDUM AND ORDER DENYING CONFIRMATION OF SALE

GEORGE W. EMERSON, JR., Bankruptcy Judge.

The issue before the Court is whether to confirm the sale of real property conducted by auction pursuant to a confirmed plan of liquidation. The issue arises out of a motion by the Debtor-In-Possession, Hart’s Manufacturing Co. (“Hart’s” or “Debtor”) to set aside the auction sale because it would not be in the best interest of creditors and because the proposed sale price is grossly inadequate. The high bidder, Eagle Investment Corp. (“Eagle”) objects to the motion, stating that the auction should be…

2Cases cited18 opinions

In the Matter of Chung King, Inc., Debtor. Appeal of Michael T. NigroCourt of Appeals for the Seventh Circuit · 1985
In Re FOOD BARN STORES, INC., Debtor. FOUR B. CORPORATION, Creditor—Appellant, v. FOOD BARN STORES, INC., Debtor—AppelleeCourt of Appeals for the Eighth Circuit · 1997
In Re Stanley Engineering CorporationCourt of Appeals for the Third Circuit · 1947
In the Matters of Webcor, Inc., an Illinois Corporation, Bankrupt, Webcor Sales Company, a New Jersey Corporation, BankruptCourt of Appeals for the Seventh Circuit · 1968
In the Matter of General Insecticide Co., Inc., BankruptCourt of Appeals for the Second Circuit · 1968

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