Deborah J. Caruso, trustee for ITT Educational Services Inc. filed a motion in the US Bankruptcy Court for the sale of its certain assets on November 6, 2017. The debtor seeks the Court’s approval for the sale of its certain assets to 6300 West Layton Propco, LLC , the stalking horse bidder, for a purchase price of $1.20 million in cash pursuant to the asset purchase agreement dated November 6, 2017. The debtor’s assets include real estate commonly known 6300 W. Layton Avenue and certain personal property. The purchase price consists of $1.19 million for real estate and $0.01 million for the personal property. Under the terms of the agreement, an initial deposit of $0.12 million is due on the signing of the agreement. To qualify as a qualified bidder, interested parties should submit their bids by December 5, 2017. The debtor has scheduled an auction on December 12, 2017. In case of termination of the asset purchase agreement, the stalking horse bidder would be entitled to a reimbursement of $0.03 million or out-of-pocket expenses, whichever is lesser. The trustee requests sale hearing to be scheduled for December 13, 2017. The buyer is represented by Thomas G. Jaros and Mark C. Vaughan of Levenfeld Pearlstein, LLC as its legal counsel. A&G Realty Partners, LLC acted as the listing broker for the sale of assets. The proceeds from the sale shall be used to costs and expenses of the sale, including the commission owed to A&G Realty and the commission owed to Tiger Capital, to pay all real estate taxes, and to pay the prorated portions for any other special assessment liens, utilities, water and sewer charges and any other charges customarily prorated in similar transactions.