Pacific Lumber Asks To Sell Town School To District

Law360, New York (January 9, 2008, 12:00 AM EST) -- Pacific Lumber Co. asked a bankruptcy judge on Thursday for permission to sell a school and recreation center in its northern California company town to the town's school district for $3.1 million, considerably less than its appraised value.

“The debtor requests that the court authorize the sale of the property free and clear of any and all liens, claims, charges, encumbrances or other interests (the 'claims'), which may be asserted or otherwise exist, with any such claims to attach to the proceeds of the sale of...
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