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Buyers ready to purchase Excalibur assets out of bankruptcy
As the clock winds down on attempts to sell beleaguered Excalibur Automobile Corp., several investment groups are lining up to purchase its assets if the firm is forced to be liquidated.
Excalibur officials won a 14-day reprieve last week from U.S. Bankruptcy Court Judge James Shapiro, who gave the automobile manufacturer until Feb. 20 to produce a settlement with its largest creditor -- First Wisconsin National Bank of Sheboygan -- or be faced with the liquidation of the company's assets under a Chapter 7 filing in U.S. Bankruptcy Court.
While bank and Excalibur officials attempt to resolve …