Federal Bankruptcy Hearing Debates Asset Ownership, Which Includes VA Commercial Printing Plant
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The outcome of a Monday morning hearing in federal bankruptcy court could help determine the new owner or owners of The Free Lance–Star Publishing Co.’s assets.
The hearing in front of U.S. Bankruptcy Judge Kevin R. Huennekens in Richmond will focus on how much of a credit bid Sandton Capital Partners will be able to make during the auction process for the media company’s assets, according to court filings.
Attorneys for The Free Lance–Star have argued in court filings that Sandton should be able to credit bid only up to the amount the firm paid BB&T for the loan.
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