This is a public record generated listing.
Assets of Residential Land Subdividers and Developers Business
Listing Information
Attachments
Assets of Residential Land Subdividers and Developers Business
Price: $2,500,000.00
Other Item Info
Item #: paebke_488994
Created: 09/27/2019
Category: Business Property > All Assets or Going Concerns > Real Estate Investment & Services
Sale Date: Sat. Nov 30, 2019
Created: 09/27/2019
Category: Business Property > All Assets or Going Concerns > Real Estate Investment & Services
Sale Date: Sat. Nov 30, 2019
Seller Info
ALBERT A. CIARDI
Debtor's Attorney
One Commerce Square 2005 Market Street
Suite 1930 Philadelphia, PA 19103
(215) 557-3550
Debtor's Attorney
One Commerce Square 2005 Market Street
Suite 1930 Philadelphia, PA 19103
(215) 557-3550
Bankruptcy Info
Case #: 2:19-bk-12771
Case Title: Herz, Herz & Reichle Inc.
Court: Pennsylvania Eastern Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: Herz, Herz & Reichle Inc.
Court: Pennsylvania Eastern Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of substantially all their properties and assets together with all properties and assets of the Principals used in the operation of the Timberline Four Seasons Resort held by Timberline Four Seasons Resort Management Company ("TFSR"); Herz, Herz, and Reichle, Inc. ("HHR"); and Frederick A. Reichle; as well as the operating company of Long Run Realty, Inc. d/b/a Timberline Four Seasons Realty (the "Property").
Assets for sale is more described in Exhibit A from Page No. 29-33 of the attached PDF.
Financial Overview
Income and Expenses ($)
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 of the Assets on or before November 30, 2019.
- Bid Amount: $2,600,000
- Bid Increment: $100,000
- Bid Deposit: 5% of the purchase price
- Bid Deadline: 24 hours prior to the Auction