This is a public record generated listing.
Financial Assets of Dairy Farm Business
Listing Information
Attachments
Financial Assets of Dairy Farm Business
Price: $90,000.00
Other Item Info
Item #: txnbke_470872
Created: 09/20/2019
Category: Business Property > Financial > Other
Sale Date: Wed. Oct 16, 2019
Created: 09/20/2019
Category: Business Property > Financial > Other
Sale Date: Wed. Oct 16, 2019
Seller Info
Joseph F. Postnikoff
Trustee's Attorney
777 Main St., Suite 1360
Ft. Worth, TX 76102
(817)347-5261
Trustee's Attorney
777 Main St., Suite 1360
Ft. Worth, TX 76102
(817)347-5261
Bankruptcy Info
Description
Sale of the bankruptcy estate is the seller's capital account with Dairy Farmers of America ("DFA") which is an association operated on a cooperative basis for the benefit of its members and as such is obligated to allocate annually on a patronage basis to member patrons all net earnings realized from business done with or for such patrons. The seller had accumulated capital with DFA in the total amount of $205,530.73 consisting of allocated patronage earnings of $85,358.49 and permanent capital retains of $120,172.24 (the "DFA Capital").
Assets for sale is more described in Exhibit A from Page No. 21 of the attached PDF.
Financial Overview
Income and Expenses ($)
months
Revenue/Gross Income:
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Cash Flow:
Asset and Liability Summary ($)
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Inventory:
FF&E:
Real Estate:
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Liabilities to assume: