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Bankruptcy Sales

Intellectual Property
Description

All of the estate's rights, title and interests, if any, in the following: (a) approximately 59,450 shares of stock (the"NWFD Stock") in Nature's Wing Fin Design, LLC, a California
limited liability company ("NWFD"), (b) all fin patents and/or interests held by the Bankruptcy Estate (the "Fin Patent Rights"), (c) all wing patents and/or interests held by the Bankruptcy Estate (the"Wing Patent Rights") and (d) approximately 98% interest (the"NWAC Stock") in Nature's Wing Aerospace Company ("NWAC")
(all assets for sale are collectively referred to as the "Assets").

Method of Sale

The sale of the Purchased Assets shall be subject to overbid. For more information regarding the overbid procedure, please contact the Trustee's counsel.

Sale Description

The sale shall be on an "as is" and "where is" basis without any representations and/or warranties subject to Bankruptcy Court approval and overbid. The current highest bids received for the Assets are as follows: (a) $150,000.00 cash for the estate's interests
in (i) the NWFD Stock and (ii) the Fin Patent Rights (collectively,"Fin Interests"); and (b) $20,000.00 cash for the estate's interests in (i) the Wing Patent Rights and (ii) the NWAC Stock (collectively, "Wing Interests"). The starting overbid for the Fin Interests shall be $160,000.00 with overbids being made in minimal increments of $1,000.00. The starting overbid for the Wing Interests shall be $21,000.00 with overbids being made in minimal increments of $1,000.00. In order to participate in the overbid procedure for the Fin Interests, a deposit in the form of a cashier's check or a money order made payable to the Trustee in the amount of $66,621.00 (the "Fin Deposit") must be submitted to the Trustee and/or her counsel at or prior to the hearing. In order to participate in the overbid procedure for the Wing Interests, a deposit in the form of a cashier's check or a money order made payable to the Trustee in the amount of $8,879.00(the"Fin Deposit") must be submitted to the Trustee and/or her counsel
at or prior to the hearing.

Hearing Information:
August 27, 2008, at 10:00 a.m.
U.S. Bankruptcy Court, Central District of CA
San Fernando Valley Division
21041 Burbank Boulevard, Ctrm 303
Woodland Hills, CA

Contact Name

Brad D. Krasnoff, Esq. or Scott Lee, Esq.

Contact Information

(213) 250-1800

Case Name

In re Peter Thomas McCarthy

Case Number

1:05-bk-18622-GM

20081101
 

Attorney Profiles

Partners
John J. Bingham Jr.
Richard K. Diamond
David A. Gill
Robert A. Hessling
Eric P. Israel
Nancy Knupfer
Howard Kollitz
Walter K. Oetzell
Kathy Bazoian Phelps
George E. Schulman
  Associates
Aaron E. de Leest
Matthew F. Kennedy
Uzzi O. Raanan
Steven J. Schwartz
John N. Tedford IV

Of Counsel
James J Joseph

Retired
Curtis B. Danning

Bankruptcy Sales

Our bankruptcy law firm, in a service for our clients and clients of other bankruptcy firms, maintains a database of property available for sale as the result of bankruptcy liquidations. The bankruptcy sales listings are updated weekly for interested investors, individual purchasers, auctioneers, and real estate investors.
2008 Danning, Gill, Diamond & Kollitz, LLP   Danning, Gill, Diamond & Kollitz, LLP
2029 Century Park East, Third Floor
Los Angeles, CA 90067
Phone: (310) 277-0077
Fax: (310) 277-5735
info@dgdk.com