We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
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Creditors in the case have until Jan. 31 to object to the motion, according to court documents filed last week. A hearing on the motion is scheduled for Feb. 13 in U.S. Bankruptcy Court in Denver.
Colorado Customware filed for Chapter 11 bankruptcy protection July 17, estimating that it owed money to more than 200 creditors. Creditors holding the largest unsecured claims include Fort Collins-based Verus Bank of Commerce at $7.1 million, Vision Appraisal in Massachusetts at $2.6 million and Marshall & Swift in Wisconsin at $815,000, according to court documents.
On Dec. 13, the Fort Collins software company operating under bankruptcy protection received approval from U.S. Bankruptcy Judge Elizabeth Brown for a $3.25 million sale to N. Harris Computer Corp. in Ontario, Canada.
Lori Burge of Colorado Customware said she was unaware of a motion to dismiss the case, but confirmed that N. Harris now owned the company.
Attorneys for Colorado Customware and a representative of N. Harris did not immediately return phone calls.