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Assets of Retails Home Furnishing, Gifts, and Related Items Business

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Assets of Retails Home Furnishing, Gifts, and Related Items Business



Price: Not Specified

Other Item Info
Item #: txnbke_485788
Created: 09/25/2020
Category: Business Property > All Assets or Going Concerns > General Retailers
Sale Date: Fri. Oct 23, 2020
Seller Info
Ian T. Peck
Debtor's Attorney
201 Main Street, Suite 2200
Fort Worth, TX 76102
817-347-6613
Bankruptcy Info
Case #: 3:20-bk-31476
Case Title: Tuesday Morning Corporation
Court: Texas Northern Bankruptcy Court
Chapter: 11
View Case Docket

See More Documents

Description

Auction Sale of substantially all of assets of Tuesday Morning Corporation and its debtor affiliates (collectively, the “Sellers”), will consist of (i) the real property leases with respect to the store locations of the Sellers, (ii) the Dallas headquarters and distribution center and any other owned real property set forth on a schedule to the Successful Bidder’s asset purchase agreement, (iii) deposits with respect to any contracts and leases assumed by the Purchaser and any customer deposits and layaways, proceeds, rents or profits, cash in the acquired real property, whether now owned or hereafter acquired by the Sellers, in each case with respect to or relating to the operations conducted at the acquired real property, and (iv) all real and personal, tangible and intangible property and assets of any kind or nature whatsoever, whether now owned or hereafter acquired by the Sellers, in each case relating to or used in the operations conducted at the acquired real property, which shall include, without limitation, any and all vehicles, inventory, equipment, fixtures, patents, trade names, trademarks, copyrights, software, licenses, and other intellectual property and license rights owned by the Sellers with respect to such operations.


Additional Details

  1. Auction Time: 10:00 a.m.
  2. Sale Hearing Held on October 29, 2020, at 9:00 a.m.
  3. Minimum Overbid: A Qualified Bidder wishing to submit a bid at the Auction must submit a bid containing aggregate consideration of at least (i) $250,000 more than the total consideration contained in the Baseline Bid.
  4. Bid Deposit: 10% of the purchase price proposed
  5. Bid Deadline: October 21, 2020
  6. Last date to respond: October 14, 2020


Other Information

Terms and Conditions:

See Attached.


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