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Assets of Energy Conservation Consultants Business

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Listing Information

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Assets of Energy Conservation Consultants Business



Price: $1,525,089.00


Other Item Info
Item #: paebke_482264
Created: 07/24/2018
Category: Business Property > All Assets or Going Concerns > Support Services
Sale Location: Philadelphia, Pennsylvania
Sale Date: Mon. Aug 20, 2018
Seller Info
ARIS KARALIS
Debtor's Attorney
1900 Spruce Street
Philadelphia, PA 19103
(215) 546-4500
Bankruptcy Info
Case #: 4:18-bk-14790
Case Title: Mid-Atlantic Energy Concepts, Inc.
Court: Pennsylvania Eastern Bankruptcy Court
Chapter: 11
View Case Docket

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Description

Sale of Assets of Mid-Atlantic Energy Concepts, Inc., include all of Seller's right, title, and interest in, to and under ail of the business, assets, properties, contractual rights, goodwill, going concern value, rights and claims owned by Seller, except as otherwise provided herein, wherever situated and of whatever kind and nature, real or personal, tangible or intangible, whether or not reflected on the books and records of Seller to be acquired at the Closing, in any case, other than the Excluded Assets. Without limiting the foregoing, the Acquired Assets include all of Seller's rights, title and interests in, to and under each of the following assets:

  • The Furnishings and Equipment, including a 2014 Chevroiet Express Van;
  • The Business and goodwill;
  • The Seller's website domain name "https://www.atlanticenergyconcepts.com;
  • To the maximum extent permitted by the Bankruptcy Code, all Transferred Contracts, the rights and benefits accruing thereunder and to the extent in the possession or control of any Seller, all material documents related thereto;
  • All files, documents, instruments, papers, computer files, information and records and all other books and records of Seller in any media directly or indirectly relating to the Acquired Assets, (collectively, the "Files and Records"):
  • Any rights, demands, claims, causes of action (but not including Avoidance Actions), prepayments, refunds, rights of recovery, credits, allowances, rebates, or rights of setoff or subrogation and other claims of Seller against any Person other than Seller or any officer or director thereof, Buyer or any of dieir respective Affiliates (collectively, "Causes of Action") arising out of or relating to any of the Acquired Assets, including any rights against third parties under Transferred Contracts; and
  • The Accounts Receivable related to any Transferred Contract subject to Buyer paying any applicable Cure Costs and excluding any Accounts Receivable due from Buyer or Buyer's Affiliate or Buyer's Subsidiary.

Sale Location

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1900 Spruce St
Philadelphia, PA, 19103

Additional Details

  1. Auction Time: 10:00 a.m.
  2. Sale Hearing Held on August 23, 2018.
  3. Purchase Price: Cash in the amount of $1,525,089, plus (b) the assumption of the Assumed Liabilities.
  4. Bid Amount: $1,675,000
  5. Bid Deposit: 10% of the proposed purchase price
  6. Bid Increment: $25.000
  7. Bid Deadline: August 17, 2018
  8. Last date to respond: August 21, 2018


Other Information

Terms and Conditions:

See Attached.


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