InvestorsHub Logo
Followers 129
Posts 5087
Boards Moderated 1
Alias Born 04/10/2008

Re: romang post# 342

Monday, 05/06/2013 2:17:11 PM

Monday, May 06, 2013 2:17:11 PM

Post# of 588

even after the auction there is still other assets to go around subs of the debtor

Everything is for auction including non-filing assets. It's outlined in the Sales Notice:

".....authorizing and approving:(a) the sale of substantially all of the Debtor's remaining assets, including, without limitation, the Deepwater Properties, Deepwater Facilities and related assets and the Purchased Equity (collectively, the "Deepwater Assets") free and clear of liens, claims encumbrances and other interest, with all such liens, claims encumbrances and other interest attaching with the same validity and priority to the sale proceeds, to one or more purchasers submittimg the highest or otherwise best offers therefor (the "Sale");..."

This means everything, including the CEO's desk and chair.

Source: kccllc Sale Notice, Exhibit 2 to Docket No. 1419










Learn something new every time you invest...and take it with you to the next opportunity.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.