This is a public record generated listing.
Assets of Furniture Manufacturing Business
Listing Information
Attachments
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
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
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
Case Title: A.C. Furniture Company, Inc.
Court: Virginia Western Bankruptcy Court
Chapter: 11
View Case Docket
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.
Financial Overview
Income and Expenses ($)
months
Revenue/Gross Income:
Total Expenses:
Cash Flow:
Asset and Liability Summary ($)
Receivables:
Inventory:
FF&E:
Real Estate:
Total Assets:
Liabilities to assume:
Additional Details
- Auction Time: 10:00 a.m.
- Sale Hearing Held on June 10, 2020 at 11:30 a.m.
- 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.
- Bid Deadline: June 4, 2020