Judge Puts Titan On Auction Block

Law360, New York (September 12, 2006, 12:00 AM EDT) -- Setting bankrupt Titan Financial Group LLC’s proceedings on the fast track, a judge has cleared the way for the company to auction its assets and use $9.6 million in debtor-in-possession financing.

Judge Mary Grace Diehl made the decisions Monday in the U.S. Bankruptcy Court for the Northern District of Georgia. The Atlanta, Ga.-based consumer lender, which filed for bankruptcy Sept. 3, is still inviting offers for its Oct. 3 auction.

The company, which plans to sell most of its assets and then liquidate, did not establish...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.