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IN RE CAPITAL ACQUISITIONS & MANAGEMENT CORP.

No. 05 B 12554.

341 B.R. 632 (2006)

In re CAPITAL ACQUISITIONS & MANAGEMENT CORP., Debtor.

United States Bankruptcy Court, N.D. Illinois, Eastern Division.

April 27, 2006.

Attorney(s) appearing for the Case

Deborah L. Thorne, Barnes & Thornburg LLP, Chicago, IL, for Rainbow International Holdings, L.L.C.

Melissa C. Brown, Sugar, Friedberg & Felsenthal LLP, Chicago, IL, for Lepetomane XII, Inc., Not Individually But Solely as the Duly Appointed Receiver.

Dennis E. Quaid, Christina M. Berish, FagelHaber LLC, Chicago, IL, for Roy G. Welland.

MEMORANDUM OPINION

PAMELA S. HOLLIS, Bankruptcy Judge.

This matter comes before the court on the Receiver's Motions for Approval of Sale of Debtor's Interest in Rainbow International Holdings, LLC and for Approval of Bidding Procedures for Sale. The Receiver's motions generated extensive briefing by Roy G. Welland and by Rainbow. For the reasons stated below, the court grants the Motion for Approval of Bidding Procedures for Sale and enters and continues...

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