$750,000 For Claim In Insurer’s Liquidation Is Best Deal, Bestwall Says

(February 6, 2018, 9:53 AM EST) -- 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.)....