In re Alliance Aerospace (01-52973)

After the sale of Debtor’s real estate and two types of equipment to a single purchaser for a single price, the Court heard evidence on the allocation of the purchase price among the assets. The court gave little weight to the opinion of expert appraisers as to the value of the property because the sale had set that value. However, the Court relied upon the proportions that resulted from the appraisals to allocate the purchase price.

Monday, August 13, 2001