Bankrupt Hotel: Auctioneer Is Disinterested Person Under Bankruptcy Code

Bankrupt Hotel: Auctioneer Is Disinterested Person Under Bankruptcy Code

TRENTON, N.J. - Bankrupt hotel Lafayette Yard Community Development Corp. (LYCDC) on Oct. 14 filed a brief in the U.S. Bankruptcy Court for the District of New Jersey arguing that its arrangement with the man it proposes to handle the auctioning of the bankruptcy estate is appropriate because he is a disinterested person as defined by the Bankruptcy Code (In Re: Lafayette Yard Community Development Corporation, No. 13-30752, Chapter 11, D. N.J. Bkcy.).

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