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Commissions for Sale

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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
Seller Info
Kevin R. McCarthy
Trustee
1751 Pinnacle Drive Suite 1115
McLean, VA 22102
(703)770-9261
Bankruptcy Info
Case #: 1:14-bk-10093
Court: Virginia Eastern Bankruptcy Court
Chapter: 7
View Case Docket

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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.


Other Information

Terms and Conditions:

See Attached.


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