Bankrupt Miami Condo Sets Date For $13M Asset Sale

Law360, Miami (November 4, 2013, 7:52 PM EST) -- The bankrupt operators of Miami hotel and condominium development One Bal Harbour on Monday set a Dec. 4 date for an asset auction and outlined the bidding procedures for the sale, which should net the estate more than $13 million.

Attorneys for Elcom Hotel & Spa LLC asked U.S. Bankruptcy Judge Robert A. Mark to oversee the Dec. 4 sale in which the building's spas, restaurants and shared hotel facilities, as well as nine hotel condominium units, will be auctioned.

The sale is the centerpiece of...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.