KNOLL AUCTION REPORTEDLY SCHEDULED FOR NOVEMBER 10

The Kalamazoo Gazette reports that on November 10, the assets of Evan Knoll will be auctioned off to satisfy a mountain of outstanding debt. The article cited a court document filed by Foley and Lewis Racing, Inc. as its source.

Any details, according to the report, could be hard to find since the future of Knoll’s businesses were reportedly sealed by Van Buren County Circuit Judge William Buhl in an agreement reached by parties in one bank's attempt to recover $15 million it loaned Knoll to purchase a private jet. Buhl was not quoted in the newspaper report.

The Kalamazoo Gazette reports that on November 10, the assets of Evan Knoll will be auctioned off to satisfy a mountain of outstanding debt. The article cited a court document filed by Foley and Lewis Racing, Inc. as its source.

Any details, according to the report, could be hard to find since the future of Knoll’s businesses were reportedly sealed by Van Buren County Circuit Judge William Buhl in an agreement reached by parties in one bank's attempt to recover $15 million it loaned Knoll to purchase a private jet. Buhl was not quoted in the newspaper report.

The report confirmed no signs advertising an auction were posted Thursday at Knoll's Decatur business locations.

Knoll’s businesses were placed in receivership with an order from the receiver to provide weekly financial and operating updates. The most recent filing was made on September 8, according to the newspaper report.

Neither Knoll nor his companies have been charged with any crimes.

 

Categories: