Bankruptcy to have minimal affect on ...

Bankruptcy to have minimal affect on City Hall

There are 1 comment on the Daytona Beach News-Journal Online story from Oct 22, 2011, titled Bankruptcy to have minimal affect on City Hall. In it, Daytona Beach News-Journal Online reports that:

The future of City Marketplace -- where the city of Palm Coast pays $240,000 a year in rent -- is in legal limbo, but city workers are in no danger of being forced out on the streets, officials said.

Join the discussion below, or Read more at Daytona Beach News-Journal Online.

Valerie Manuel Trustee

Jacksonville, FL

#1 Oct 23, 2011
The Chapter 7 Bankruptcy Trustee is not seeking a dismissal of the case. Rather, the Trustee is seeking to sell whatever interest the estate has in the property to BB&T so that they may acquire ownership of the property without further litigation. It is the debtor, Asnaco, LLC that is seeking a dismissal of the case so that it may continue to pursue state court remedies against BB&T.

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