Bankruptcy Trustee Files Motion to Sell Brennan's Trade Name, Seek Competing Bids

Historic New Orleans Restaurant in Chapter 7. Bankruptcy Trustee, Ronald J. Hof, files motion for June 12 hearing to decide if historic Brennan's trade name and registered service marks to be auctioned.

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New Orleans, LA (PRWEB) May 28, 2014

Since opening in 1946, the iconic Brennan’s Restaurant of New Orleans (http://www.brennansneworleans.com/) set the standard for fine French Quarter dining. Unfortunately, after nearly a decade of infighting among the shareholders, an involuntary bankruptcy petition was filed against Brennan’s in late 2013 that resulted in the appointment of Ronald J. Hof as Brennan’s Chapter 7 trustee.

The Trustee has recently filed a motion seeking approval of a sale of the majority of Brennan’s assets (including the Brennan’s trade name and registered trade and service marks) to 417 Royal Street LLC, pursuant to proposed bid and auction procedures. The motion has been set for hearing on June 12, 2014, before the Honorable Jerry A. Brown, United States Bankruptcy Court, Eastern District of Louisiana, case number 13-12985.

If the motion is granted, the Trustee will seek competing bids for the purchase of the property in the minimum amount of $3,075,000.00, and will seek to employ David E. Gilmore, CCIM of Sperry Van Ness/Gilmore Auction (http://www.svngilmoreauction.com) to assist with the marketing and auction duties. Interested parties should immediately contact Doug Stewart, counsel to the Trustee, dstewart(at)stewartrobbins(dot)com, (225) 231-9998 for more information regarding the assets, bidding qualifications, or other aspects of the sale process.

Press contact:
Doug Stewart
225-231-9998
dstewart(at)stewartrobbins(dot)com


Contact

  • David Gilmore
    Sperry Van Ness/Gilmore Auction
    +1 504-228-6606
    Email