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Archive for September, 2012

Special Effects Giant Digital Domain’s Assets Fetch $30 Million Bid During Bankruptcy Auction

Written by Bruce Feinstein, Esq. on . Posted in Bankruptcy Blog

Digital Domain Auctions Assets During Bankruptcy Auction

Advantages to selling off assets during a bankruptcy

Digital Domain Media Group accepted a bid by a joint venture spearheaded by Beijing Galloping Horse Film & TV Production Co Ltd and Reliance MediaWorks to purchase over $30.2 million in assets as part of the company’s Chapter 11 bankruptcy proceedings. The sale is scheduled to be finalized by both parties and approved by the bankruptcy court. This case offers an example of selling off assets during a bankruptcy in order to repay debts to creditors.

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