This is a public record generated listing.
Business Assets of Insurance INC.
Listing Information
Attachments
Business Assets of Insurance INC.
Price: Not Specified
Other Item Info
Item #: mdbke_631170
Created: 05/05/2014
Category: Business Property > All Assets or Going Concerns > Financial Services
Sale Date: Mon. Jun 2, 2014
Created: 05/05/2014
Category: Business Property > All Assets or Going Concerns > Financial Services
Sale Date: Mon. Jun 2, 2014
Seller Info
Janet M. Nesse
Trustee's Attorney
1775 Pennsylvania Avenue, NW Suite 800
Washington, DC 20006
(202) 785-9100
Trustee's Attorney
1775 Pennsylvania Avenue, NW Suite 800
Washington, DC 20006
(202) 785-9100
Bankruptcy Info
Case #: 0:13-bk-30244
Case Title: Senate Acceptance Corporation and Senate Insurance Agency, Inc.
Court: Maryland Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: Senate Acceptance Corporation and Senate Insurance Agency, Inc.
Court: Maryland Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of Substantially all tangible and intangible assets of Senate Insurance Agency, Inc. includes Right to use the Business Name, all Promotional materials, Client list, Leases, and Office Furniture, including Computers.
Financial Overview
Income and Expenses ($)
months
Revenue/Gross Income:
Total Expenses:
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Asset and Liability Summary ($)
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Real Estate:
Total Assets:
Liabilities to assume:
Additional Details
Sale Hearing in Courtroom 3-D @ 03:00 PM
Sale term: Purchase Price $100,000.00 down plus a $300,000.00 balance secured by all tangible and intangible assets of the agency and three percent (3%) of commissions will be payable monthly, but not less than $15,000.00 every six (6) months.
Last Date to Respond – May 27, 2014