This is a public record generated listing.
Commissions for Sale
Listing Information
Attachments
Commissions for Sale
Price: $130,000.00
Other Item Info
Item #: vaebke_608971
Created: 04/04/2018
Category: Business Property > Financial > Commission Rights/Renewals
Sale Date: None Set
Created: 04/04/2018
Category: Business Property > Financial > Commission Rights/Renewals
Sale Date: None Set
Seller Info
Kevin R. McCarthy
Trustee
1751 Pinnacle Drive Suite 1115
McLean, VA 22102
(703)770-9261
Trustee
1751 Pinnacle Drive Suite 1115
McLean, VA 22102
(703)770-9261
Bankruptcy Info
Description
Sale of 40% of all commissions payable by American Income Life Insurance Company (which term shall include any successors, assigns, subsidiaries, or affiliates) post petition (i.e., after January 28, 2014) to either seller or any business entity in which either seller has or had an ownership interest or management control including Conard Insurance Agency and Allcare Financial (together, “Conard”) (“the Property”). The Property also shall include commissions due and payable after April 1, 2018 even if already paid to the Trustee prior to closing.
Financial Overview
Income and Expenses ($)
months
Revenue/Gross Income:
Total Expenses:
Cash Flow:
Asset and Liability Summary ($)
Receivables:
Inventory:
FF&E:
Real Estate:
Total Assets:
Liabilities to assume: