The Court-appointed Receiver brought a motion for an Approval and Vesting Order (AVO) to sell real property, and for a Distribution and Discharge Order.
The debtor opposed the sale, arguing the purchase price was improvident and presenting a higher late offer.
The court applied the Soundair test and found the Receiver conducted a fair, court-approved sale process, making sufficient efforts to obtain the best price.
The court granted the AVO, approved the Receiver's activities and fees, and granted a temporary sealing order over confidential property value information.
