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路1路 路like to thank counsel for their work in reaching
路2路 路the agreement.
路3路 路 路 路 路 路 THE COURT:路 Counsel?
路4路 路 路 路 路 路 MR. KEPLEY:路 Your Honor, the receiver
路5路 路applauds the extensive work that has been done.
路6路 路This is a very difficult case.路 It is a very
路7路 路difficult property.路 We have a good buyer.路 The
路8路 路City will benefit from this sale.路 Property will
路9路 路be rehabilitated.路 We believe that the settlement
10路 路reached is very useful for the tenants.路 This is
11路 路-- our hearts go out to the tenants.路 I mean, this
12路 路is an awful situation.路 I have taken that position
13路 路from the very beginning when I saw this.路 Human to
14路 路human, your heart aches for people who have
15路 路suffered like this, many twice.路 Their chance for
16路 路recovery is skyrocketing under the arrangement
17路 路that has been reached, so I applaud that.
18路 路 路 路 路 路 Your Honor, we would like to see language
19路 路in the sale order though that makes it clear that
20路 路the buyer is protected, and that is important.
21路 路The buyer has objected -- has lodged a title
22路 路objection.路 We are in process of trying to deal
23路 路with that.路 In order for the sale to go forward,
24路 路we will need the Court to state in this order that
25路 路the buyer is not going to be subject to claims of
Case 25-23251-MEH Doc 36 Filed 12/30/25 Entered 12/30/25 17:29:32 Desc Main
Document Page 39 of 54
Transcript of Proceedings - December 03, 2025
Transcript of Proceedings - December 03, 2025
36
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