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PFO Global Sale Approval Sought

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PFO Global filed with the U.S. Bankruptcy Court a motion to sell certain estate assets by public auction free and clear of all liens, claims and encumbrances. T

he motion explains, “The Debtors have historically operated as a consolidated group of companies in the eyewear and lenses industry worldwide. The Debtors are headquartered in Farmer’s Branch, Texas and have computers, furniture, fixtures and equipment, as well as significant lens inventory and assorted frames (collectively, the ‘Assets’).”

In addition, “The Trustee contends that it is necessary and in the best interest of the estate and its creditors to liquidate the Assets at public sale by auction (the ‘Auction’). The Trustee has determined that these assets are not necessary for the type of plan of reorganization that is currently being considered.”

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