In The News: Two Offer To Buy Spartans’ Headquarters

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The Spartans Drum & Bugle Corps has two prospective buyers for its Nashua headquarters, and the bank holding the mortgage might settle for less than it’s owed, lawyers in the bankruptcy case said Thursday.

During a hearing before Bankruptcy Court Judge Michael Deasy, both sides agreed to keep working together in hope of avoiding foreclosure of the property at 73 E. Hollis St., Nashua.

Spartans Director Peter LaFlamme did not attend the hearing, and his lawyer, Eleanor Dahar, sent her brother, attorney William Dahar, in her place. They had sought to have the hearing continued, but the two sides were unable to agree on a time.

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Posted by on Saturday, January 31st, 2009. Filed under DCI Open.