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Assets of Furniture Manufacturing Business

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Assets of Furniture Manufacturing Business



Price: Not Specified

Other Item Info
Item #: vawbke_269089
Created: 03/28/2020
Category: Business Property > All Assets or Going Concerns > Household Goods & Home Construction
Sale Date: Tue. Jun 9, 2020
Seller Info
Timothy J. McGary
Debtor's Attorney
P.O. Box 149
Fairfax, VA 22038
(703) 352-4985
Bankruptcy Info
Case #: 6:20-bk-60200
Case Title: A.C. Furniture Company, Inc.
Court: Virginia Western Bankruptcy Court
Chapter: 11
View Case Docket

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Description

Auction Sale of substantially all of assets of the A.C. Furniture Company, Inc., and more described as below:

The Company reserves the right to reject any sale of the Property that is not in conjunction with and contemporaneous with a sale of 2 or more of the following "Bid Lots" containing assets of A.C. Furniture Company, Inc.: 1) Accounts Receivable, 2) Inventory and Intellectual Property, 3) Furniture, Fixtures and Equipment located in North Carolina, 4.) Furniture, Fixtures and Equipment located in Virginia, and/or the following real property; 5) 3872 Martin Drive Axton, VA 24054; 6) 724 Riverside Drive Eden, NC 27288; 7) 55 E Meadow Road Eden, NC 27288; 8) 13846 NC Highway 87 Eden, NC 27288 and 8) 116 Daniel Road, Axton, VA 24054.


Additional Details

  1. Auction Time: 10:00 a.m.
  2. Sale Hearing Held on June 10, 2020 at 11:30 a.m.
  3. Bid Deposit: All Bids must include a deposit of the greater of (A) $50,000, or (B.) ten percent (10%) of the Purchase Price for all Bid Lots contained in the Bid, to be paid directly to an escrow account designated and managed bySC&H.
  4. Bid Deadline: June 4, 2020


Other Information

Terms and Conditions:

See Attached.


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