This is a public record generated listing.
Installment Promissory Note for Sale
Listing Information
Attachments
Installment Promissory Note for Sale
Price: $28,750.00
Other Item Info
Item #: insbke_675229
Created: 01/09/2018
Category: Business Property > Financial > Secured Notes
Sale Date: None Set
Created: 01/09/2018
Category: Business Property > Financial > Secured Notes
Sale Date: None Set
Seller Info
James T Young
Trustee's Attorney
342 Massachusetts Avenue, Suite 500
Indianapolis, IN 46204
317-634-0300
Trustee's Attorney
342 Massachusetts Avenue, Suite 500
Indianapolis, IN 46204
317-634-0300
Bankruptcy Info
Case #: 1:16-bk-09412
Case Title: Fitzgerald Enterprises, LLC
Court: Indiana Southern Bankruptcy Court
Chapter: 7
View Case Docket
Case Title: Fitzgerald Enterprises, LLC
Court: Indiana Southern Bankruptcy Court
Chapter: 7
View Case Docket
Description
Sale of Interest In Installment Promissory Note entered on November 8, 2014 between Seller, SNM, Inc. and Gurmail Singh for the sale of a retail grocery business located at 1909 W. 8th Street, Anderson, IN 46016 which had been owned by the Seller. After an initial down payment of $150,000.00, SNM was to make monthly payments to Seller in the amount of $2,261.94. SNM is current in its payments, with payments to the Trustee beginning monthly on September 26, 2016. As of the date of this Sale and Bid Procedures Motion, $49,029.04 remains due from SNM.
Financial Overview
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Additional Details
Minimum Bid: $28,750.00
First overbid: $32,000.00
Overbid: $1,000.00
Bid deadline: December 28, 2017
Last date to respond: 21 days from the date of service
Date of service: January 4, 2018