Final sell prices revealed for former Renegade Tobacco properties

(Winston-Salem Journal) The auctioning of six Davie County properties associated with the owner of three bankrupt tobacco manufacturers has provided $576,917 in net proceeds to their estate.
The public auction proceedings, which took place June 23, yielded $1.39 million overall, according to a legal filing Thursday. The net proceeds are being held in a special trust.
The sale of the properties still requires the approval of William Stock, the U.S. Bankruptcy Court judge assigned to the case involving Calvin Phelps, the owner of Renegade Holdings Inc., Alternative Brands Inc. and Renegade Tobacco Co. Phelps' wife, Lisa Yamaoka Phelps, was listed on two of the properties. Continued