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ADMINISTRATION OF ESTATE - Sale of property - Trustees in bankruptcy

Wednesday, May 09, 2018 @ 8:42 AM  

Appeal by a company, HPCB-Online, from a review under s. 100 of the Bankruptcy and Insolvency Act of its purchase of book inventory from a related bankrupt company; cross-appeal by creditors of the bankrupt business from the review. Prior to being assigned into bankruptcy, the bankrupt, Half Price Computer Books (HPCB), sold a portion of its inventory to HPCB-Online, which was a related company. HPCB’s creditors then had the sale reviewed under the Bankruptcy and Insolvency Act. The reviewing judge determined that HPCB-Online bought the inventory...