This is a public record generated listing.
Assets of Outboard Motors Manufacturer Business
Listing Information
Attachments
Assets of Outboard Motors Manufacturer Business
Price: $246,000.00
Other Item Info
Item #: ilnbke_577394
Created: 12/07/2019
Category: Business Property > Financial > Other
Sale Location: Chicago, Illinois
Sale Date: Wed. Jan 15, 2020
Created: 12/07/2019
Category: Business Property > Financial > Other
Sale Location: Chicago, Illinois
Sale Date: Wed. Jan 15, 2020
Seller Info
Mark Radtke
Debtor's Attorney
111 East Wacker Drive Suite 2800
Chicago, IL 60601
312-602-2000
Debtor's Attorney
111 East Wacker Drive Suite 2800
Chicago, IL 60601
312-602-2000
Bankruptcy Info
Case #: 1:00-bk-37405
Case Title: Outboard Marine Corporation
Court: Illinois Northern Bankruptcy Court
Chapter: 7
View Case Docket
Case Title: Outboard Marine Corporation
Court: Illinois Northern Bankruptcy Court
Chapter: 7
View Case Docket
Description
Sale of assets of Outboard Marine Corporation, which consists of Capital Credits, the OMC Germany Equity and the Remnant Assets, and more described as below:
- Capital Credits for $206,000: French Broad Electric Membership Corporation (“French Broad EMC”) identifies OMC as member number 86653, and the Estate owns capital credits in the amount of $551,699.02 on account of such membership (the “French Broad Capital Credits”). OMC Aluminum Boat Group is a member of the Laclede Electric Cooperative (“Laclede EC”), and the Estate owns related capital credits in the amount of $39,146.14, which Laclede EC identifies by capital credit number 15625 (the “Laclede Capital Credits” and, together with the French Broad Capital Credits, the “Capital Credits”);
- OMC Germany $30,000: The estate owns 100% of OMC Outboard Marine Deutschland G.M.B.H. and Outboard Marine GmbH (collectively, “OMC Germany”); and
- Remnant Assets for $10,000: Consisting of known or unknown assets or claims, which have not been previously sold, assigned, or transferred (collectively, “Remnant Assets”).
Financial Overview
Income and Expenses ($)
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Asset and Liability Summary ($)
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Additional Details
Sale Hearing in "Courtroom 642" @ 10:00 a.m.
Last date to respond: January 9, 2020