HomeAugust 31, 2021
Auction For Bankrupt Retail Supplier Cancelled
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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.
See our prior story here for details on purchase prices and number of RCEs included in the sale
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