AICI Capital Trust 9% Pfd (fka AICPQ)

[Enterprising Investor]

Motion to Sell Property Free and Clear of Liens under 11 U.S.C. Section 363(f). Filed by Trustee Richard D. Myers 9013 (9/10/21)

The Purchaser is Oak Point Partners, LLC subject to a bidding process.

The Trustee has determined that there might exist property of the Debtor’s Estate, consisting of known or unknown assets or claims, which have not been previously sold, assigned, or transferred (collectively, “Remnant Assets”). Potential unknown assets might include unscheduled refunds, overpayments, deposits, judgments, claims, or other payment rights that would accrue in the future.

The Trustee has conducted due diligence and remains unaware of the existence of any Remnant Assets, and certainly none that could return value to the Estate greater than the Purchase Price. Accordingly, the Trustee has determined that the cost of pursuing the Remnant Assets will likely exceed the benefit that the Estate would possibly receive on account of the Remnant Assets.

Objections due by 10/1/2021.

Source: PACER [Docket 676]