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HILBERT SHERIFF'S SALE OFF

In my "Notable News" category, you'll find posts from November 17, December 1 and December 6 that follow the Conseco v. Steve Hilbert $84 million judgment enforcement proceedings.  My 11-17-06 post "Not Your Typical Sheriff's Sale" mentioned that Hilbert's $20 million mansion had been slotted for a sale by the Hamilton County Civil Sheriff next Thursday, December 28.  Today, The Indianapolis Star reports that Conseco canceled the sale pursuant to the settlement reached December 6th.  Evidently, in lieu of the judicial sale, Hilbert simply deeded the property to Conseco.  Conseco, in turn, was able to avoid the time and expense of a sheriff's sale and now can move forward with disposing of the property itself, likely with a better financial result.

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