This is a public record generated listing.

Promissory Note and Litigation Rights for Sale

Please note that this listing has expired. To view active listings, please subscribe to one of our plans.
Add to Dashboard

Listing Information

Attachments

Promissory Note and Litigation Rights for Sale



Price: $6,500.00


Other Item Info
Item #: txsbke_405807
Created: 05/24/2017
Category: Business Property > Financial > Other
Sale Date: None Set
Seller Info
Rhonda R Chandler
Trustee's Attorney
333 Clay St 29th Fl
Houston, TX 77002
713-328-2853
Bankruptcy Info
Case #: 4:16-bk-34815
Case Title: 3 Star Properties, LLC
Court: Texas Southern Bankruptcy Court
Chapter: 7
View Case Docket

See More Documents

Description

Sale of Promissory Note and Litigation Rights, described as below:

  • The promissory note payable to the Seller by SED in the original principal amount of $11,880,171 (the "Note") thereby extinguishing the promissory note; and 
  • All causes of action and claims asserted by the Debtor against SED in Cause No. 2015-05015; 3 Star Properties, LLC v. SED Holdings, LLC; originally filed in the 127th Judicial District Court of Harris County, Texas but later removed to the bankruptcy court and made part of consolidated Adv. Proc. No. 17-03051, including claims for breach of the Nonperforming Note and Mortgage Loans Sale Agreement dated June 20, 2014 between the Debtor and SED, default of the Note, and breach of the Security Agreement between the Debtor and SED (the "Litigation Rights").

Additional Details

Last date to respond: 21 days from the date of service
Date of Service: May 22, 2017



Other Information

Terms and Conditions:

See Attached.


Subscribe to our free newsletters

* indicates required
Send me information about...
Choose the CaseFolder where you want to see this Deal, or create a new CaseFolder Lite.