Incentra Solutions’ Chapter 7 trustee gets OK to sell remnant assets

By Sarah Lizee

Olympia, Wash., Sept. 28 – Incentra Solutions, Inc.’s Chapter 7 trustee, Jeoffrey L. Burtch, secured approval to sell the debtors’ remnant assets, according to an order filed with the U.S. Bankruptcy Court for the District of Delaware.

Burtch is in the process of winding down the administration of the cases.

Erin Foley has agreed to purchase the assets for $17,500.

The sale is subject to higher or better offers. Any overbid must be at least $19,500.

If any overbids are received, the trustee will schedule an auction.

Remnant asset sales have become commonplace at the close of commercial bankruptcy cases because they allow for more funds to be brought into the estate while avoiding the expense associated with reopening cases for later-discovered assets, the trustee noted.

Based in Boulder, Colo., Incentra Solutions is a data management company focused on the broadcasting and information technology sector. The company filed for Chapter 11 bankruptcy on Feb. 4, 2009. The case was converted to Chapter 7 on Nov. 3, 2010. The case number is 09-10368.

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