Auction For Bankrupt Retail Supplier Cancelled
August 31, 2021 Email This Story Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
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An auction for certain assets of Liberty Power Holdings, LLC and related debtors ("Liberty"), which are currently engaged in bankruptcy proceedings, has been cancelled
The Sept. 1 auction was only to be held, if necessary, as a result of any further bids by an August 30 bid deadline
As previously reported, a bankruptcy court has already approved the designation of NRG Retail, LLC as the stalking horse bidder for the Liberty assets.
At a sale hearing scheduled for September
10, 2021 at 1:30 p.m. (prevailing Eastern Time), the Liberty Debtors will seek approval of the sale to the
stalking horse (NRG) pursuant to the terms of the previously reported purchase agreement.