N.O. Auction Galleries Declares Bankruptcy, Stays Open
New Orleans City Business › April 14, 2011
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Summary
New Orleans Auction Galleries Inc. has filed for Chapter 11 bankruptcy claiming $4 million in debt and $500,000 in assets.
Stewart Peck, attorney for the company, said the estate auction house plans to restructure and maintain business as usual. According to court documents, Aschaffenburg Assets has committed to putting up $300,000 to keep operations going, and a planned auction set for this weekend is expected to fetch seven figures, Peck said.See the full content of this document
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N.O. Auction Galleries Declares Bankruptcy, Stays Open
Parties with the largest outstanding invoices are $2 million t...
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