Bankruptcy Judge OKs Sale Of Durango-Georgia Paper
POSTED: Tuesday, May 24, 2005
A federal bankruptcy judge has approved a motion that will allow the sale of Durango-Georgia Paper Co. and begin the process to repay creditors.The ruling by Judge Lamar Davis Jr. allows trustees managing the Durango estate to accept bids on part or all of the paper company's assets.A high bid in this process will be for the purpose of setting a minimum threshold for further bids at an auction. That high bidder would be allowed to enter another bid in this new auction.
Copyright 2005 by News4Georgia.com. Information in this report contributed by our Glynn County newsgathering partners, WMOG-AM1490 and WGIG-AM1440. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Copyright 2005 by News4Georgia.com. Information in this report contributed by our Glynn County newsgathering partners, WMOG-AM1490 and WGIG-AM1440. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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