The US Bankruptcy Court gave an order approving the sale of the certain assets of ITT Educational Services Inc. on November 29, 2017. The debtor has been authorized to sell its certain assets to Sabatine BK Development, LLC, the prevailing bidder for a purchase price of $0.45 million ($440,000.00 for the Real Estate and $10,000.00 for the Personal Property) in cash. The debtor’s assets include real estate commonly known as 1030 North Meridian Road, Youngstown, OH 44509 and certain personal property. The debtor received one other competing bids for the purchase of its assets, i.e. Miller Family Trust which has submitted a qualifying bid of $0.46 million ($455,000.00 for the Real Estate and $5,000.00 for the Personal Property). At the auction held, Sabatine BK Development, LLC emerged as the winning bidder by offering a purchase price of $0.45 million whereas Miller Family Trust designated as backup bidder, with a backup bid of of $0.62 million ($615,000.00 for the Real Estate and $10,000.00 for the Personal Property), subject to the terms of the backup bidder purchase agreement between the Backup Bidder and the Trustee.