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Christian Media Company in California
Listing Information
Attachments
Christian Media Company in California
Minimum Price: $1,150,000.00
Other Item Info
Item #: cacbke_1715364
Created: 10/07/2015
Category: Business Property > All Assets or Going Concerns > Media
Sale Location: Ventura, California
Sale Date: Tue. Oct 27, 2015
Created: 10/07/2015
Category: Business Property > All Assets or Going Concerns > Media
Sale Location: Ventura, California
Sale Date: Tue. Oct 27, 2015
Seller Info
Craig G Margulies
Debtor's Attorney
16030 Ventura Blvd Ste 470
Encino, CA 91436
818-705-2777
Debtor's Attorney
16030 Ventura Blvd Ste 470
Encino, CA 91436
818-705-2777
Bankruptcy Info
Case #: 9:15-bk-11586
Case Title: Gospel Light Publications
Court: California Central Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: Gospel Light Publications
Court: California Central Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of substantially all the assets of Gospel Light Publications, described as below:
1) Package 1 (the “Sunday School Package”): (i) The Sunday School Curriculum Asset, (ii) Inventory for current and future quarters of undated Sunday School material, (iii) The Church Ministry Resources Asset, and (iv) Inventory of Church Ministry Resources.
2) Package 2: The Vacation Bible School Asset.
3) Package 3 (the “WTB Package”): (i) The “What the Bible is all About” Asset and (ii) Inventory of “What the Bible is all About”.
4) Package 4: Inventory for past Vacation Bible School programs.
5) Package 5: Equipment and Furniture.
The Sale Assets are more described on the attached PDF.
Founded in 1933, Gospel Light Publications is a mid-market Christian media company specializing in the production of print and digital media educational resources to meet the needs of church leaders throughout the world. The Debtor is particularly well-known for its high-quality Vacation Bible School and Sunday School curriculum materials.
Financial Overview
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Sale Location
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Ventura, CA, 93003
Additional Details
- Sale Hearing on October 28, 2015
- Bid Deadline - October 23, 2015 at 2:00 p.m. PST
- Bid Deposit: (i) $100,000.00 in cash for Package 1: The Sunday School Package; (ii) $20,000.00 in cash for Package 2: The VBS Asset; (iii) $20,000.00 in cash for Package 3: The WTB Package; (iv) $20,000.00 in cash for Package 4: The VBS Inventory and $10,000.00 in cash for Package 5: The FFE.
- Bid Amount: (i) $1,210,000.00 for Package 1: The Sunday School Package and (ii) $55,000.00 for Package 3: The WTB Package.
- Last date to respond - 14 days prior to the hearing