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Here are some of the latest bankruptcy stories our reporters have been covering Tuesday morning on TheDeal.com. For more bankruptcy coverage, check out the bankruptcy channel on TheDeal.com or visit Bankruptcy Insider.
Go Fig moves toward public auction Following the conversion of Go Fig Inc.'s case to a Chapter 7 liquidation proceeding, a public auction of its assets could be in the company's near future. A hearing to seek approval for a public auction is scheduled for May 28. Go Fig has hired liquidator Atec Inc. to market its assets. - Carolyn Okomo Sturgis judge to weigh $41M offer The sale of Sturgis Iron & Metal Inc. to SDI Sub LLC isn't ironclad just yet. A third hearing to consider the scrap-metal recycling company's $41 million purchase will be held on May 27. - Carolyn Okomo Polar Molecular's bankruptcy dismissed A Colorado judge dismissed Polar Molecular Holding Corp.'s bankruptcy case after its secured creditor, Petroleum Enhancer LLC, said it was filed in bad faith. This paves the way for Petroleum to foreclose on PMC's patents, which are valued at $400 million. - Jamie Mason - The editors
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