Court Orders Auction Sale of Technology Internet Domain Name "Servers.com"
(PR Web Via Acquire Media NewsEdge) Dallas, TX (PRWEB) October 07, 2013
By order entered on September 24, 2013, the United States Bankruptcy Court for the Northern District of Texas, Dallas Division, Case No. 09-34784-SGJ-11, has authorized the bankruptcy sale of technology Internet domain name “servers.com/PR.”
Daniel J. Sherman, Chapter 11 Trustee (“Trustee”) of Ondova Limited Company (“Ondova”) has received a “stalking horse bid” of $300,000.00 for the internet domain name. The Bankruptcy Court has authorized the Trustee to attempt to seek higher and better bids and has authorized the Trustee to conduct an auction on October 29, 2013.
The Internet domain name will be sold to the highest and best bidder at the auction sale which will take place at 2:00 p.m., October 29, 2013 in Dallas, Texas. Parties interested in bidding on the domain name must become “qualified” bidders by providing financial information to the Trustee evidencing the ability to purchase the domain name and must deliver to the Trustee a deposit of $40,000.00 to participate in the auction. Qualified bidders will be permitted to participate in the auction by telephone.
A hearing to approve the sale to the highest bidder has been scheduled for November 4, 2013 at 2:00 p.m. Central Time.
The auction will take place at the office of Trustee’s Counsel located at: 500 North Akard Street, Suite 3800, Dallas, Texas 75201. Only qualified bidders will be permitted to attend the auction.
For more information, visit http://www.servers.com/PR or email serversauction(at)gmail(dot)com.
Read the full story at http://www.prweb.com/releases/serversdotcomDomainName/BankruptcySale/prweb11204626.htm
(c) 2013 PRWEB.COM Newswire
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