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Claims and Stock for Sale

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Listing Information


Claims and Stock for Sale

Price: $10,000.00

Other Item Info
Item #: flmbke_1185961
Created: 08/29/2020
Category: Business Property > Financial > Claim
Sale Date: None Set
Seller Info
L Todd Budgen
Trustee's Attorney
PO Box 520546
Longwood, FL 32752
(407) 481-2888
Bankruptcy Info
Case #: 6:15-bk-06458
Court: Florida Middle Bankruptcy Court
Chapter: 7
View Case Docket

See More Documents


Sale of the bankruptcy estate interest in the following property:

(i) Claims, described as follows:

  • The Seller and PRN Real Estate & Investments, Ltd. (“PRN”) and Nancy A. Rossman (“Rossman”, and collectively with PRN, the “PRN Parties”) are litigants in that certain case styled PRN Real Estate & Investments, Ltd. and Nancy A. Rossman v. William W. Cole, Jr., et al., which is pending in the Circuit Court in and for Orange County, Florida, case no. 2014-CA- 011835-O (the “State Court Action”);
  • The Seller asserted certain counterclaims (the “Counterclaims”) against the PRN Parties, either collectively or individually, in the State Court Action; and
  • Property of the Seller's estate includes the Counterclaims, all claims and causes of action (collectively with the Counterclaims, the “Claims”) that the Seller had or may have had, whether known or unknown from the beginning of time through July 27, 2015 (the “Petition Date”), against the PRN Parties, whether collectively or individually.

(ii) Development Interests, described as follows:

  • 250 shares of stock in Waterford Investment Properties, Inc.;
  • 1,515 shares of stock in Riverside Tributary, Inc.;
  • Any profits, losses and distribution rights resulting from 50% partnership interest in C&G Investment Properties, LLP; and
  • The Seller’s interests under that certain Agreement dated March 31, 2008, by and between PRN Real Estate & Investments, Ltd. and William W. Cole, Jr. with respect to a net profit interest in the International Drive Property.

Additional Details

  1. The Trustee will set such telephonic auction with no less than three (3) business days notice (on or before October 10, 2020, provided an order on this Motion is entered and final).
  2. Bid Amount: $10,500.00
  3. Bid Deposit: $10,500.00
  4. Bid Deadine: September 21, 2020
  5. Last date to respond: 14 days from the date of service
  6. Date of Service: August 27, 2020

Other Information

Terms and Conditions:

See Attached.

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