liquidated

The more likely scenario is that the park’s assets and land, which were recently valued around $21 million, will be liquidated to pay back his debtors.

As quoted in the lawsuit, a party is entitled to $10,000 in liquidated damages for each separate breach by the other party.

It is being liquidated under Chapter 11 of the bankruptcy code typically used by companies seeking to restructure and remain in business.

A Houston bankruptcy judge on Friday ordered the personal assets of the Infowars conspiracy theorist Alex Jones to be liquidated and sold, with the proceeds distributed among the Sandy Hook families.

Laffoon’s report says he is working with Tupper to sell some of his mother’s property before the “the remaining items being liquidated by the estate sale company.”