This is a public record generated listing.
New York City Taxi Medallions for Auction
Listing Information
Attachments
New York City Taxi Medallions for Auction
Price: Not Specified
Other Item Info
Item #: nyebke_445193
Created: 04/16/2018
Category: Business Property > Intellectual Property > Licenses/Intellectual Property
Sale Date: None Set
Created: 04/16/2018
Category: Business Property > Intellectual Property > Licenses/Intellectual Property
Sale Date: None Set
Seller Info
Gary F Herbst
Trustee's Attorney
3305 Jerusalem Avenue
Wantagh, NY 11793
(516) 826-6500
Trustee's Attorney
3305 Jerusalem Avenue
Wantagh, NY 11793
(516) 826-6500
Bankruptcy Info
Case #: 1:17-bk-45660
Case Title: Wolverine Taxi LLC
Court: New York Eastern Bankruptcy Court
Chapter: 7
View Case Docket
Case Title: Wolverine Taxi LLC
Court: New York Eastern Bankruptcy Court
Chapter: 7
View Case Docket
Description
Auction Sale of New York City taxi medallions (the “Medallions”) issued by the New York City Taxi and Limousine Commission (“TLC”) consist of medallions in pools of 20 Medallions (each, a “Medallion Pool”) until such time that less than 20 Medallions remain, at which time the pool shall consist of 11 Medallions (the “Final Medallion Pool”). Each Medallion Pool shall each consist of 12 unrestricted Medallions, 3 hybrid/alternative fuel Medallions and 5 handicap Medallions. The Final Medallion Pool shall consist of 7 unrestricted Medallions, 2 hybrid/alternative fuel Medallions and 2 handicap Medallions.
Financial Overview
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Additional Details
Bid Deposit: A deposit of $20,000 per Medallion for an aggregate amount of no less than (the “Deposit”): a) $400,000 for a Medallion Pool; and b) $220,000 for the Final Medallion Pool.