published Thursday, June 25th, 2009

Court set to OK sale of Prebul Infiniti

by Matt Wilson

PDF: Prebul government sentencing memorandum

PDF: Prebul memo to dismiss indictment

Article: Prebul bankruptcy filing reveals grim financials

PDF: Prebul financial documents

Article: Court set to OK sale of Prebul Infiniti

PDF: Motion for contempt

Article: Prebul trustee says Chrysler in contempt of court

PDF: Motions for default and removal

Article: Prebul case now in federal court in Chattanooga

Article: Liquidation of Prebul items coming to close

Article: Gregory pursues Chrysler dealership

Article: Prebul facing criminal charges after federal indictment

PDF: Prebul indictment

Article: Tennessee: Debts small and large mounting in Prebul bankruptcy

XLS: Prebul Debts

PDF: Prebul Debt

Article: Chattanooga: Prebul car sales going to creditors

Article: Chattanooga: Prebul auto franchise rights sell for $900,000

Article: Chattanooga: New faces, locations for former dealerships

Chattanooga: Prebul dealerships, customers in limbo

PDF: Complaint

Article: Chattanooga: New federal lawsuit filed in Prebul dispute

PDF: Bensusan Exhibit 7

PDF:Bensusan Exhibit 1 thru 6

PDF: Bensusan Filed Complaint

PDF: Bankruptcy claim against Bensusan

PDF: Complaint filed against TSE Group

PDF: Compliant with cost of bond

Article: Chattanooga: Prebul dispute embittered by attorney barbs

PDF: Prebul Intervenors Motion to Intervene and to Amend Counter claim

PDF: Joseph Prebul's Motion to Intervene

PDF: Motion to Expedite

Video: Prebul released on bond

PDF: Motion to sell free and clear

Article: Chattanooga: 'People are still buying' says Prebul attorney

Article: Tennessee: Civil lawsuit against Prebul dropped

PDF: Court filings

PDF: civil case filed against Prebul AutoGroup owne

Article: Hamilton County: $5 million bond upheld in Prebul civil suit

Article: Hamilton County: Prebul cases intertwined, trustee says

PDF: Prebul legal documents

Article:Chattanooga: Prebul criminal case not yet to indictment stage

Article:Chattanooga: Judge rules Prebul AutoGroup can continue operations

PDF: Trustee Jerry Farinash’s motion to intervene in the Circuit Court lawsuit

Article: Chattanooga: Trustee seeks buyer for Prebul dealerships

Court order for Prebul

Prebul bankruptcy

PDF: Prebul lawsuit

Article: Prebul dealerships forced into liquidation

PDF: Prebul Infiniti

PDF: Prebul Automotive

PDF: Prebul Imports

PDF: Prebul Jeep

PDF: Prebul Motorcars

PDF: Prebul Motors

The sale of Prebul Infiniti to a Chattanooga auto dealer who already owns six franchises should take place soon, a judge said Wednesday.

When U.S. bankruptcy trustee Jerrold Farinash files paperwork today to sell Prebul Infiniti to Tim Kelly, Bankruptcy Court Judge John C. Cook said, he'll approve it.

Mr. Kelly owns Cadillac, GMC, Saab, Hummer, Mitsubishi and Subaru dealerships in Chattanooga.

The Infiniti dealership formerly was owned by Joseph Prebul, who filed for bankruptcy protection on his six dealerships in Tennessee and North Georgia the day after he was charged with 11 counts of federal wire fraud in February.

Mr. Kelly said there still are some details to work out with Infiniti, but Mr. Farinash told the judge that Mr. Kelly "is as approved as he can be before the court approves him for bankruptcy purposes."

Chattanooga car dealer Nelson Long was in line to buy the Infiniti dealership for $275,000, but Infiniti did not approve the transaction, Mr. Farinash said. Mr. Kelly offered to buy the dealership for the same price Mr. Long would have paid.

Mr. Long will buy Mr. Prebul's Volvo franchise, however, for $225,000.

Earlier this month, Mr. Farinash signed the paperwork to transfer the rights to sell Kias in Dalton, Ga., from Mr. Prebul to Johnny Pye.

Nelson Bowers of Bowers Transportation will pay $300,000 for the rights to sell Kias in Chattanooga.

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