Competing Offer Boosts Sale Price For Bestwall’s Claim In Insurer’s Liquidation

Mealey's (March 20, 2018, 1:18 PM EDT) -- CHARLOTTE, N.C. — A competing bid to purchase an asbestos policy of a defunct insurer of Chapter 11 debtor Bestwall LLC was matched by the original buyer, bringing an extra $82,500 to Bestwall’s estate to benefit asbestos claimants, the debtor says in a March 19 notice filed in North Carolina federal bankruptcy court (In re Bestwall LLC, No. 17-31795, W.D. N.C. Bkcy.)....