This is a public record generated listing.

Litigation Claims and Development Interests for Sale

Please note that this listing has expired. To view active listings, please subscribe to one of our plans.
Add to Dashboard

Listing Information

Attachments

Litigation Claims and Development Interests for Sale



Price: $10,000.00


Other Item Info
Item #: flmbke_1185961
Created: 10/12/2019
Category: Business Property > Financial > Other
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

Description

Sale of Litigation Claims and Development Interests, described as below:

(i) Litigation Claims:

  • 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 CircuitCourt 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;
  • 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:

  • 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.

Additional Details

  1. Bid Deposit: 10% of the proposed higher purchase price
  2. Bid Deadline: 24 days from the date of service
  3. Date of Service: October 9, 2019


Other Information

Terms and Conditions:

See Attached.


Subscribe to our free newsletters

* indicates required
Send me information about...
Choose the CaseFolder where you want to see this Deal, or create a new CaseFolder Lite.