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Assets of Modular Home Fabricator

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Listing Information

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Assets of Modular Home Fabricator



Price: $5,800,000.00


Other Item Info
Item #: vaebke_716207
Created: 01/03/2020
Category: Business Property > All Assets or Going Concerns > Construction & Materials
Sale Location: Richmond, Virginia
Sale Date: Mon. Feb 10, 2020
Seller Info
Michael E. Hastings
Debtor's Attorney
PO Box 1050
Roanoke, VA 24005
540-759-3579
Bankruptcy Info
Case #: 3:19-bk-36275
Case Title: Cardinal Homes, Inc.
Court: Virginia Eastern Bankruptcy Court
Chapter: 11
View Case Docket

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Description

Sale of assets of Cardinal Homes, Inc. which includes:

  1. All known or unknown interests in real property in the Bankruptcy Cases, including those six (6) parcels of real property described in that certain deed from Cardinal to Alouette recorded in Book 0441, Page 0518 in the Clerk’s Office of the Circuit Court of Charlotte County, Virginia;
  2. All known or known personal property and all other assets in the Bankruptcy Cases;
  3. All cash, cash equivalents, and investment accounts of the Sellers on hand or on deposit as of the Closing Date;
  4. All vehicles owned by the Sellers as of the Closing Date;
  5. Any and all amounts prepaid or deposited with and held by manufacturers, suppliers, subcontractors or other vendors related to the Assets as of the Closing Date;
  6. The Assumed Contracts and all deposits, advances, and prepayments with respect to the Assumed Contracts;
  7. All accounts receivable of the Sellers, whether pre- or postpetition, relating to the Business arising prior to the Closing Date, but excluding intercompany accounts receivables;
  8. All inventory, work-in-progress, and plans, drawings and specifications for all work-in-progress and for work competed at any time prior to the Closing of this Agreement owned by the Sellers in connection with the Business as of the Closing Date;
  9. All items of machinery, equipment, supplies, furniture, fixtures, and other tangible personal property owned by the Sellers as of the Closing unless otherwise specifically identified as an Excluded Asset;
  10. All intellectual property of the Sellers (including but not limited to trademarks, patents, copyrights, trade names, and domain names, whether registered or unregistered);
  11. All social media accounts and related rights;
  12. All mailing lists and emailing lists of customers;
  13. All rights of the Sellers under or arising out of all insurance policies relating to the operation of the Business (including all claims arising thereunder), unless non-assignable as a matter of law;
  14. All vested rights and privileges of the Sellers under or relating to any Contracts to which the Sellers are or were a party that are not capable of being assumed and/or assigned under Section 365 of the Bankruptcy Code to the extent such rights or privileges relate to or affect any Asset;
  15. All rights under confidentiality agreements, non-disclosure agreements and similar agreements related to or affecting any Asset;
  16. All licenses and permits, to the extent permissible by relevant law;
  17. All rights under or pursuant to all warranties, representations and guarantees made by suppliers, manufacturers, contractors, and any other Person to the extent relating to or affecting any Asset;
  18. All sales and promotional materials, catalogues and advertising literature relating to any Asset;
  19. All goodwill, trademarks, service marks, intellectual property, trade secrets, and other intangible assets associated with or relating to, the Assets, including customer and supplier lists;
  20. All of the Sellers’ telephone, cell phone, and facsimile numbers, e-mail listings and addresses, web sites, post office boxes, and all listings in all telephone books, directories, and web sites relating to the Business; and
  21. All non-privileged books, records, files and papers of the Sellers relating primarily to the Business or the Assets, including, without limitation, equipment logs, operating guides and manuals, creative materials, advertising materials, promotional materials, studies, reports, correspondence, financial and accounting records, tax records and other similar documents and records (all in the state in which such records and information currently exist); provided, that the Sellers shall be entitled to retain copies of such books, records, files and papers.

Sale Location

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1021 E. Cary Street, Suite 1700
Richmond, VA, 23219

Additional Details

  1. Auction Time: 10:00 A.M
  2. Minimum bid: $325,000.00 over sale price
  3. Bid deposit: 10% of the cash purchase price of the bid
  4. Bid deadline: February 7, 2020
  5. Last date to respond: February 12, 2020


Other Information

Terms and Conditions:

See Attached.


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