HomeMy WebLinkAbout0061 ~
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- FILED
. NOV 18 f97~ ~ .
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D. .IOSEPH DE VITO
,r, BANKRUt'1C1P JUD~3E
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1INITED STATES UISTRICT COURT
llISTRICT OF NEW JCRSEY
~ In Proceedings for an Arrange-
~;In the Aiatter of: , ment Under Chapter XI of the
;i Bankruptcy Act
~ZGEORGE A. COSTA, et als . ~
( ORDEIt AUTHORIZING SALE OF REAL
Deb tors . . ESTA'1'C "
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~ This matter having co~e on before this Court by way of petitio
and order requiring all known creditors of the debtors to show
, ~~~ause why an offer made by Julian Demora to purchase seven lots
_j?owned tiy the debtor, LuciZle V. Costa, 2ocated in the Coral Cove
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~~Subdivision, St. Lucie County, Tlorida i~i the sum of $60,000. ,~r.
~why any higher or better offer ~jio~ild noi, be accepteJ for said rea
,?estate and it appearing that said order to show cause was served
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~~upon all known creditors and interested parties in accordance with
~~its terms and it further appearing that on the return date of saiu
~order to sho~ cause, the offer as aforesaid was presented to this
court by thc attorneys for the debtors herein in the presence of
~the receiver, his attorney and the attorneys for the creditors
~committee, and it appearing further that no higher or better offer
; ~were made for said real estate and the court havinp heard arQument
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. ~(of counsel and in addition received a report and ap raisal of said
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=~property indicating a value of a60,750. and it appearing that it
;;~.oulcl be in the best interest:s of the debtor and their creditors i
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'.the offer made by Julian Demora c.~ould be accepted for the seven
';lots described beloh~ and good cause appearing for the making of
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~this order, t
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I; IT IS, on this daj? of Nove~~ber 1976, on• motion of Lehr~an y
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~~lrasserman, P.~~. , attorneys for the debtars lierein,
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Prepared By: Lehman & Wasserman
Counsellors at Iaw
j; 1he Common ~ , _
~ 225 Millburn Avenue
.8~ • Millburn, New Jersey 0704I
I~ ecc~ 264 ~ 61
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