No. 19-1456
KK-PB Financial, LLC v. 160 Royal Palm, LLC
Tags: asset-sale bankruptcy bankruptcy-code bankruptcy-court bankruptcy-court-discretion bid-procedures debtor-asset debtor-estate debtor's-estate discretionary-power higher-better-offer higher-bid maximize-value-estate private-sale public-bid-procedures sale-maximization
Key Terms:
AdministrativeLaw Antitrust Privacy JusticiabilityDoctri
AdministrativeLaw Antitrust Privacy JusticiabilityDoctri
Latest Conference:
2020-10-09
Question Presented (AI Summary)
Does a bankruptcy court abuse its discretion when it cancels public bid procedures and approves the private sale of a debtor's principal asset, even though another bidder has presented a higher and better offer and the private sale does not maximize the value to the debtor's estate?
Question Presented (OCR Extract)
QUESTION PRESENTED Does a bankruptcy court abuse its discretion when it cancels public bid procedures and approves the private sale of a debtor’s principal asset, even though another bidder has presented a higher and better offer and the private sale does not maximize the value to the debtor’s estate? i
Docket Entries
2020-10-13
Petition DENIED.
2020-09-16
DISTRIBUTED for Conference of 10/9/2020.
2020-09-14
Reply of petitioner KK-PB Financial, LLC filed. (Distributed)
2020-09-01
Brief of respondent 160 Royal Palm, LLC in opposition filed.
2020-07-16
Motion to extend the time to file a response is granted and the time is extended to and including September 2, 2020.
2020-07-15
Motion to extend the time to file a response from August 3, 2020 to September 2, 2020, submitted to The Clerk.
2020-06-29
Petition for a writ of certiorari filed. (Response due August 3, 2020)
Attorneys
160 Royal Palm, LLC
George Eric Brunstad Jr. — Dechert LLP, Respondent
KK-PB Financial, LLC
Jaime Augusto Bianchi — White and Case LLP, Petitioner