Holding Co.'s Sale Of Dallas Bank Lacks Details, Creditors Say

Law360, Wilmington (December 6, 2013, 9:14 PM EST) -- Unsecured creditors of bankrupt holding company North Texas Bancshares Inc. objected Friday to the company's proposed $7.4 million sale of its interests in Dallas-based Park Cities Bank, saying they lack key data needed to evaluate the deal.

In an objection filed in Delaware bankruptcy court, Alesco Preferred Funding XVI Ltd. said it can't support the result of NTBI's Section 363 sale because, despite reasonable efforts, it has been unable to obtain crucial information, such as whether any qualified offers have been received or if the stalking...
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