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Up In Smoke

06/05/15 11:04 PM

#5353 RE: Macod #5350

LOOK CAREFULLY AT THE HEADLINE
"NOTICE OF SALE"
BANKRUPTCY COURT DID NOT AUCTION A LIEN ON GHDC
GHDC IS A PENNILESS CORPORATI0N
THE BANKRUPTCY JUDGE GAVE THE CREDITORS WHATEVER PROPERTY GHDC OWNED (THE CLAIMS)
RICHARD E CRAWFORD HAD CONTROL OF THE BEGINNING JANUARY
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Up In Smoke

06/05/15 11:04 PM

#5354 RE: Macod #5350

The Court Documents placed a judgment on the Assets of GHDC and a Public Auction was executed on May 22
Look at the Date of the Bankruptcy Judgment on the Docs
The Court ordered an Auction at which time ANYONE including GHDC could have attended the Auction and BID on the Property
They did not show up or BID
That Document was the judgment against GHDC
It does NOT ALLOW GHDC to buy back their property any time they decide to
The Judge Ordered the Auction with the Claims representing the FAIR MARKET Value of $10,000 Stipulated by the Bankruptcy Referee
So the Proceeds of the Auction were designated to auctioned so Robert Corrigan's Creditors could Recover something
You are looking at the NOTICE OF SALE DATED 4/29/2015
GET IT SALE
WHICH WAS HELD ON MAY 22 2015
THE SALE IS COMPLETED
THE HIGH BIDDER DID NOT PURCHASE A $10,000 JUDGMENT
THEY BOUGHT THE CLAIMS WHICH WAS THE COLLATERAL FROM GHDC
A NOTICE OF SALE MEANS THAT PROPERTY WAS SOLD
THIS IS NOT THAT COMPLICATED