RMR Operating, LLC filed a motion in the US Bankruptcy Court for the sale of substantially all its assets on May 2, 2016. The debtor seeks the Court’s approval for the sale of substantially all its assets via a public auction. To qualify as a qualified bidder, interested parties should submit their bids by June 6, 2016. The debtor has scheduled an auction on June 8, 2016. A qualified shall be accompanied by good faith deposit in the amount of at least 10% of the purchase price. Independent Bank may credit bid up to the amount of its allowed secured claim. The sale hearing is scheduled for June 23, 2016.