Former Monaco Coach gets OK for $1.73 million Elkhart property sale

By Jim Witters

Wilmington, Del., Aug. 11 - MCC Corp.'s Chapter 7 trustee received approval Thursday to sell two of the company's plants in Elkhart, Ind., for $1.73 million.

Approval came during a brief hearing in the U.S. Bankruptcy Court for the District of Delaware. There were no objections to the sale.

The buyer is LCM Realty LLC, an assignee of Lippert Components Manufacturing Inc. Lippert was a pre-petition creditor. The property includes two recreational vehicle assembly and finishing plants.

The trustee will pay a $103,500 broker's fee at closing.

MCC was formerly Monaco Coach Corp., a Coburg, Ore.-based designer, manufacturer and seller of motor coaches and towable recreational vehicles. The company filed for bankruptcy on March 5, 2009. The conversion to Chapter 7 occurred on June 29. The company's Chapter 11 case number is 09-10750.

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