September 17, 2015 efile of

Efile: September 17, 2015 255 Mot to Approve Compromise w County092415

UNITED STATES BANKRUPTCY COURT
DISTRICT OF NEVADA

IN RE:
ASPEN SIERRA LEASING COMPANY,
Debtor.

Case No. BK-N-14-50087-btb
Chapter 11
MOTION TO APPROVE COMPROMISE
Date: November 5, 2015
Time: 10:00 a.m.
Interested Party, Friends of Arrowcreek, LLC (“FOA”) hereby moves the Court, pursuant
to LR 9014.1, LR 9019, and Fed. R. Bankr. P. 9019 for an order approving a settlement between FOA and Washoe County. The settlement does not affect payments to the Debtor or to Creditors.
However, the Court retained jurisdiction over payments to be made pursuant to the approved plan of reorganization.
1. The Court conducted a hearing on the sale of the Debtor’s assets to FOA, on
September 24, 2014. Attached hereto as Exhibit “1” is a true and correct copy of the portion of the transcript from the hearing that pertains to Washoe County’s acceptance of the plan.
(Transcript, pp. 7-9.) Washoe County and the FOA agreed to negotiate the payments claimed by
Washoe County, outside the bankruptcy process, to enable the sale to close.

Read more by clicking on the link above.

Advertisements
This entry was posted in ArrowCreek, ArrowCreek411, Bail Out Golf Course, FOA, Friends of ArrowCreek, Golf Course Foreclosure, Golf Course Purchase and tagged , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s