"We have continued to review the performance of individual stores since our appointment a month ago and have concluded that further closures are necessary in order to restructure the company forsale, " Lee Manning, joint administrator at Deloitte, said.
On November 3, 2010, Allen County moved the trial court for an order authorizing it to issue tax deeds for the various properties sold at the October 2009 tax sale that had not already been redeemed, including the Real Estate.
He came to wider public attention in 1992 when he was elected as councillor for Glasgow Pollok while serving a six-month jail term for defying a court order banning him from a warrant sale in Glasgow.
He was also quick to point out, however, that it's particularly important for the sale of the assets to be done correctly in order to fulfill the fiduciary duty of maximizing the creditors' return.