Case Result

$76,675

Bankruptcy - Chapter 7 Liquidation

2014
Danville, IN

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Case Details

Assets of Carbon Motors, including a prototype E7 police cruiser, were auctioned for $76,675 as part of a Chapter 7 bankruptcy liquidation to distribute proceeds to creditors.

Additional Notes

The police cruiser alone sold for $74,000. The company filed for bankruptcy in June 2013 with $21.7 million in liabilities.