Mealey's Bankruptcy - $750,000 For Claim In Insurer's Liquidation Is Best Deal, Bestwall Says

Mealey's Bankruptcy - $750,000 For Claim In Insurer's Liquidation Is Best Deal, Bestwall Says

CHARLOTTE, N.C. - Chapter 11 debtor Bestwall LLC is willing to take $750,000 in cash now from a purchaser of a defunct insurer's asbestos policy rather than wait for years to see if it can collect the policy's remaining $3.75 million from the insurer's liquidation proceedings, Bestwall says in a Feb. 1 motion in North Carolina federal bankruptcy court (In re Bestwall LLC, No. 17-31795, W.D. N.C. Bkcy.).

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