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Claims Relating to Waterfront Residential Condominium Project

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Claims Relating to Waterfront Residential Condominium Project



Minimum Price: $30,000.00


Other Item Info
Item #: flnbke_87259
Created: 11/06/2014
Category: Business Property > Financial > Other
Sale Date: None Set
Seller Info
Karin A. Garvin
Trustee's Attorney
1801 W. Garden Street
Pensacola, FL 32502
850-437-5577
Bankruptcy Info
Case #: 5:08-bk-50066
Case Title: Shores of Panama, Inc.
Court: Florida Northern Bankruptcy Court
Chapter: 7
View Case Docket

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Description

Sale of Any and all of the Seller’s interest, if any, in all choses in actions, claims, demands, and rights, including the proceeds thereof, arising out of the matters included in the events relating to, or out of , the transfer of the real property containing the luxury waterfront residential condominium project known as “Shores of Panama” to Silverton Bank in the spring of 2009 and the sale of the Property to the bulk buyers in the summer of 2012, including, but not limited to, the following State Court actions:

‘SHORES OF PANAMA, INC., a Florida corporation, and CHARLES BRELAND, an individual, THE CLUB AT SHORES OF PANAMA, INC., a Florida corporation, SHORES BEACH SERVICES, LLC, a Florida limited liability company, SHORES OF PANAMA RESTAURANT HOLDINGS, LLC, a Florida limited liability company, and BB COMMUNICATIONS, LLC, a Florida limited liability company, Plaintiffs, v. PARK NATIONAL CORPORATION, an Ohio banking corporation, VISION BANK, a dissolved Florida banking corporation, and SE PROPERTY HOLDINGS, LLC, an Ohio limited liability company, Defendants,’ Case No. 013-1885-CA; and

‘THE CLUB AT SHORES OF PANAMA, INC., a Florida corporation, SHORES BEACH SERVICES, LLC, a Florida limited liability company, SHORES OF PANAMA RESTAURANT HOLDINGS, LLC, a Florida limited liability company, and BB COMMUNICATIONS, LLC, a Florida limited liability company, Plaintiffs, v. PANAMA HOLDINGS, LLC, a Florida limited liability company, PANAMA PARTNERS, LLC, a Florida limited liability company, SHORES OF PANAMA, LLC, a Florida limited liability company, SHORES OF PANAMA CLUB, LLC, a Florida limited liability company, SHORES OF PANAMA COMMERCIAL, LLC, a Florida limited liability company, SHORES OF PANAMA RESORT COMMUNITY ASSOCIATION, INC., a Florida corporation, Defendants,’ Case. No. 14-0226-CA.


Additional Details

Bid Deposit: 20% proposed higher purchase price

Bid Deadline - 21 days from the date of service
Date of Service - November 5, 2014

Last date to respond - 21 days from the date of service
Date of Service - November 5, 2014

The transfer of claim of Shores of Panama, Inc. includes a full release, relinquishment, and abandonment of all choses in actions, claims, demands, and rights, including the proceeds thereof, arising out of the matters included in the events relating to, or out of , the transfer of the real property containing the luxury waterfront residential condominium project known as “Shores of Panama” (Property”) to Silverton Bank in the spring of 2009 and the sale of the Property to the bulk buyers in the summer of 2012.



Other Information

Terms and Conditions:

See attached.


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