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Pacific WebWorks Sale Approved

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The U.S. Bankruptcy Court approved Pacific WebWorks motion authorizing the sale of Debtor’s intellipay subsidiary free and clear of liens, claims, encumbrances and interests.

The order states, “The Debtor conducted an auction consistent with the procedures described in the Motion on April 20, 2016 at 10:00 a.m. (the Auction). The highest and best bid submitted at the Auction was by Convenient Payments, in the amount of $140,000. The second highest and best bid submitted at the Auction was by Otterstrom in the amount of $130,000.”

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The post Pacific WebWorks Sale Approved appeared first on Daily Bankrupt Company Updates | Bankrupt Company News.


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