Tampa    Fort Myers    Pensacola    Destin   

Specializing in insolvency and complex commercial matters since 1974

Court Approves Emergency Section 363 Sale Of Flesher Windows, Inc. - January 18, 2011

On January 18, 2011, the United States Bankruptcy Court, Middle District of Florida, Fort Myers Division, approved a sale of substantially all assets of Flesher Windows, Inc. free and clear of liens and claims after an emergency competitive auction conducted at the direction of the Court by Stichter Riedel. The sale was conducted on an expedited basis, and in connection therewith the company was able to negotiate resolutions with its primary secured creditor, landlord, the tax collector, major suppliers, and the Official Committee of Unsecured Creditors. The successful bidder was Eastern Metal Supply, Inc.  The company has 49 employees, and the buyer will continue to manufacture and sell a wide variety of windows and doors built specifically for Florida’s and the southeast’s varied and extreme weather conditions from its Lee County, Florida location. Steve Leslie and Amy Denton Harris handled the negotiation, auction, and sale process.