Current updates are not available. Earlier updates remain below for historical context and may no longer reflect the case’s current position.
Earlier updates
These updates were replaced by later case developments and may no longer reflect the current case.
Sale·
The court authorized Orlando International Resort Club Condominium Association to sell its property to Dezer Development, LLC for $8.1 million under the approved purchase agreement. The sale orderDkt. 163 permits the transfer free and clear of liens, claims, encumbrances and timeshare interests; all interval estates, unit weeks and occupancy rights will be extinguished at closing. Any unresolved sale objections were overruled with prejudice.
The order authorizes the transaction but does not establish that closing has occurred. Dezer will not assume executory contracts or debtor liabilities beyond obligations expressly designated in the purchase agreement. Orlando International Resort Club must retain the sale proceeds for distributions under its liquidation plan or a further court order, making consummation of the sale the principal near-term determinant of cash available for creditor recoveries.
