Affidavit of Richard D. Myers, Trustee in Support of Motion for Order Authorizing Sale of Assets Free and Clear of Liens, Claims, Interests and Encumbrances. Filed by Richard D. Myers on behalf of Richard D. Myers (1/11/21)
According to the filing, the Trustee had four potential bidders sign NDAs related to the Stalking Horse bid process. After the filing of the Motion, approximately 14 potential bidders contacted the Trustee or his special counsel, with an additional four bidders signing NDAs.
There were no competing proposals submitted by the 1/05/21 bid deadline. The Stalking Horse Bidder was the Successful Bidder. It has submitted an earnest money deposit of $200,000.
The Court must now approve. The Sale Closing is conditioned upon: (a) the approval of the Form A filed by the Successful Bidder with the Nebraska Department of Insurance and (b) a final and non-appealable Order from the State Court, dismissing the Estate's subsidiary, Acceptance Insurance Company from its rehabilitation proceedings.
Source: PACER [Docket 668]
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