Gregg Szilagyi (“Trustee”) is the Chapter 7 Trustee in the bankruptcy case of Garvey Court Holdings, LLC, Case No. 16-01697, pending before Judge Jacqueline Cox in the Bankruptcy Court for the Northern District of Illinois. He is selling the Properties (as defined below).
The assets being sold include the following properties:
Collectively, these properties are referred to as the “Properties.” The street addresses of the Properties are 200 N. Dearborn St., Chicago, Illinois 60601 and 1212 N. LaSalle St., Chicago, Illinois.
The Trustee has received an offer from Khowaja Capital Investments to purchase the Properties, pursuant to a Purchase and Sale Agreement (the “PSA”), for the sum of $825,000.00, plus reimbursement of a certain expense item in the amount of $29,035.00, for a total purchase price of $854,035.00, subject to higher and better bids at auction.
Copies of the bidding procedures approved by the Court, due diligence materials and information on viewing the Properties may be obtained by contacting the Trustee at firstname.lastname@example.org. For more information on the Assets to be sold or to arrange for an inspection of the Assets, please contact:
542 S. Dearborn Street, Suite 1400
Chicago, Illinois 60605
Phone: (312) 663-0801
Scott R. Clar, Esq.
Crane, Heyman, Simon, Welch & Clar
135 S. LaSalle Street, Suite 3705
Chicago, Illinois 60603
Phone: (312) 641-6777
The editors and editorial board of DailyDAC include preeminent restructuring and insolvency professionals, journalists, and editors. They are devoted to providing reliable and plain English education and deal intelligence about assignments, corporate bankruptcy, receiverships, out-of-court workouts and similar topics.
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