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Getting the money before order approving sale of estate property
Anyone?
On Fri, Aug 9, 2013 at 1:47 PM, Alik Segal wrote:
> Chapter 11.
>
> Debtor is selling a small unimproved lot to his sister for a trivial
> amount--6K. They signed a contract. The motion to approve sale is about
> to be filed. There are no overbidders and the sale is for more than
> appraised value (4K). I believe the sale will be approved without a
> hearing, but this will take about a month.
>
>
>
> The sister is ready to deliver the money which Debtor needs to rehab one
> of his properties. After this rehab the property can be put on the market
> and rented. In the meantime the case is stalled because Debtor does not
> have money to rehab this property.
>
>
>
> Debtor wants to get the money now and start the rehab. What if Debtor
> receives money now before the sale was approved? What are the
> implications? Alternatives?
>
>
> --
> Alik Segal
> Alik.Segal@gmail.com
> 310-362-6157
> California Central District
>
Alik Segal
Alik.Segal@gmail.com
310-362-6157
California Central District
Anyone?On Fri, Aug 9, 2013 at 1:47 PM, Alik Segal
The post was migrated from Yahoo.