This is a public record generated listing.
Midland Insurance Claim for Sale
Listing Information
Attachments
Midland Insurance Claim for Sale
Price: $750,000.00
Other Item Info
Item #: ncwbke_195996
Created: 02/05/2018
Category: Business Property > Financial > Claim
Sale Date: Thu. Feb 22, 2018
Created: 02/05/2018
Category: Business Property > Financial > Claim
Sale Date: Thu. Feb 22, 2018
Seller Info
Garland S. Cassada
Debtor's Attorney
101 N. Tryon St. Suite 1900
Charlotte, NC 28246
(704) 377-2536
Debtor's Attorney
101 N. Tryon St. Suite 1900
Charlotte, NC 28246
(704) 377-2536
Bankruptcy Info
Case #: 3:17-bk-31795
Case Title: Bestwall LLC
Court: North Carolina Western Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: Bestwall LLC
Court: North Carolina Western Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of Claim against Midland Insurance Company (the “Estate”) in liquidation proceedings pending in the Supreme Court for the State of New York (the “Court”), Case No. 41294/1986 (the “Proceedings”), in the amount of $5,000,000.00 (the “Purchased Amount”), and all future rights and benefits of Assignor relating to the Claim, including, without limitation, Assignor’s rights to receive payment of principal, and any interest, penalties and fees, if any, that may be paid with respect to or in satisfaction of the Claim, and all cash, securities, instruments and other property that may be paid or issued by the Estate or any other party with respect to or in satisfaction of the Claim.
Financial Overview
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