Nifong wants his guitars
Mike Nifong filed a motion in Bankruptcy for the purchase of his three guitars.1. On January 15, 2008, the above-referenced Debtor filed a voluntary
petition for relief under Chapter 7 of the United States Bankruptcy Code,
and Sara A. Conti was appointed to act as Trustee.
2. This Court has jurisdiction over this case pursuant to 28 U.S.C. Section
1334. Venue is proper in this district pursuant to 28 U.S.C. Section
1409(a). This is a core proceeding pursuant to 28 U.S.C. Section 157.
3. The Debtor owns, and has claimed as exempt, a Paul Reid Smith guitar, a
Fender Deluxe guitar, and a Martin guitar (“the Guitars”).
4. According to two independent appraisals of the Guitars, the higher
value of the Guitars is $3,389.00. The Trustee is of the opinion that the
value of the Guitars is approximately $3,500.00.
5. The Debtor has agreed to pay the Trustee the full appraised value of the
Guitars, $3,389.00, in consideration for the interest of the estate, and a sale
of the estate’s interest in the Guitars to the Debtor is more economically
feasible than an attempt to market and sell the Guitars to a third party.
6. The proposed settlement is fair and reasonable and in the best interest of
the estate of the Debtor.
7. On May 8, 2008, the Clerk of the Bankruptcy Court gave notice of the
Motion for Approval of Compromise and Settlement of Controversy, and
no objection to the relief requested was filed by the deadline of May 25,
BASED UPON THE FOREGOING, IT IS ORDERED, ADJUDGED AND
DECREED THAT the Motion for Approval of Compromise and Settlement of
Controversy be, and the same hereby is, allowed.
Blog Hooligan Jezebelle had this comment.
I have a vision........
Mikey sitting on a street corner, leaning against a light post, an open coffee can in front of him with a few pennies strewn across the bottom of the can....... he strums his beloved guitar softly, mewling strains from a brief medley of "Those Were the Days My Friends" into "I fought the Law and the Law Won", ending with a few bars from the late, great Roger Miller's famous "King of the Road."
He also filed an appeal against Judge William Stucks's decision to re-include him the lawsuit filed in behalf of RCD.