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 approved bidding procedures for Princeton Ski Shop’s interests in real property leases, other assets, intellectual property, and real property, and set related auction, approval-hearing, and cure-information deadlines through the bidding procedures orderDkt. 274. That order followed the debtors’ February sale motion, which said they could no longer sustain operations or propose a feasible reorganization and sought authority to sell substantially all merchandise and FF&E through going-out-of-business sales, with bids due February 19, 2008, an auction targeted for February 20, and a $25,000 expense-reimbursement cap for a stalking-horse agent under the sale and stalking-horse motionDkt. 174.
The sale track matters because the case shifted from operating-reorganization optionality into liquidation execution: lease cure amounts, bid qualification, auction timing, and sale approval now drive recoveries and counterparties’ leverage.
