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Demand Note for Sale

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Listing Information

Attachments

Demand Note for Sale



Price: $5,000.00


Other Item Info
Item #: pawbke_344510
Created: 03/01/2018
Category: Business Property > Financial > Secured Notes
Sale Date: None Set
Seller Info
Robert Shearer
Trustee
4536 Melwood Road
Leechburg, PA 15656
(724) 845-1190
Bankruptcy Info
Case #: 2:17-bk-20612
Court: Pennsylvania Western Bankruptcy Court
Chapter: 7
View Case Docket

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Description

Sale of a demand note dated June 15, 2016 in the amount of $65,500.00. The particulars of said demand note are:

  1. the maker of the note is Al Vangura;
  2. the holder of the note is David J. Wheaton, the debtor;
  3. the principal balance of the note is $65,500.00;
  4. the rate of interest is six per cent (6%) per annum;
  5. it is governed by and construed and enforced in accordance with the laws of the Commonwealth of Pennsylvania; and
  6. it is subject to a Standby Creditor’s Agreement in favor of Huntington National Bank executed by David J. Wheaton on June 16, 2016, which prevents the holder of the note from collecting payments on the note until Al Vangura’s loan with Huntington National Bank is satisfied.

Additional Details

Bid deposit: $500.00

Bid Deadline: 72 hours prior to the sale hearing



Other Information

Terms and Conditions:

See Attached.


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