Opus South’s remaining assets receive higher bid from Cranehill

New York, Dec. 19 – Opus South Corp.’s remaining assets are worth more than the $10,000 that Oak Point Partners, Inc. has agreed to pay for them, according to Cranehill Capital LLC.

Cranehill said it has submitted a higher bidder for the assets.

In order to place it offer before the U.S. Bankruptcy Court for the District of Delaware, Cranehill filed a response to the sale motion on Monday.

Opus, an Atlanta-based design-build development firm, filed for bankruptcy on April 22, 2009. Its Chapter 11 case number is 09-11390, but the proceedings were converted to a Chapter 7 liquidation on Aug. 27, 2010.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.