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Assets of Transportation and Logistics Company

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Assets of Transportation and Logistics Company



Price: Not Specified

Other Item Info
Item #: debke_181223
Created: 05/25/2020
Category: Business Property > All Assets or Going Concerns > Transportation
Sale Location: Wilmington, Delaware
Sale Date: Fri. Jun 19, 2020
Seller Info
Stuart Brown
Debtor's Attorney
1201 North Market Street Suite 2100
Wilmington, DE 19801
302-468-5640
Bankruptcy Info
Case #: 1:20-bk-11120
Case Title: Comcar Industries, Inc.
Court: Delaware Bankruptcy Court
Chapter: 11
View Case Docket

See More Documents

Description

Sale of substantially all of assets of the Comcar Industries, Inc. and its affiliated sellers (collectively, the “Sellers”), which include the business and operating assets of or primarily used in the business of CCC, including without limitation, (A) assumption of the CWI Equipment Lease pertaining only to the CWI/CCC Trailers leased from CWI and used in CCC’s business, and no other trailers, (B) the right to negotiate ongoing leases of any or all of (1) approximately 34 day cab and sleeper tractors (but no spotters) used in CCC’s business under non-month-to-month leases (the “Assumed Tractors”), and (2) the month-to-month leased tractors (the “Rental Tractors”), in each case on terms to be negotiated with the lessor thereof (actual number to depend on the number of drivers who qualify for employment with Purchaser once the applicable records are available for diligence and the willingness of lessors to enter into new or assigned lease agreements on acceptable terms), and (C) the other miscellaneous assets used in the business, including ithout limitation, parts, tools, inventory, intangibles (customer lists and information, phone and fax numbers, websites, goodwill, URLs, employee and independent contractor files and contracts, and all other IP), and FF&E, but not accounts receivable or other working capital assets (“Miscellaneous Assets”); (D) the business and operating assets of or primarily used in the business of CTTS as conducted from its three locations, including without limitation its Miscellaneous Assets; and (E) three parcels of Auburndale Real Estate owned by the Debtors, commonly known as (1) 502, 548 Bridgers Ave., and 509 U.S. 92, (2) Charlotte Ave., and (3) 306 Old Winter Haven Rd. (excluding the real estate situated at SEC US Hwy 92 & Charlotte Rd. Auburndale, FL 33823, the 45-acre undeveloped parcel).


Sale Location

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824 North Market Street
Wilmington, DE, 19801

Additional Details

Sale Hearing in "Courtroom #2" @ 10:00 a.m.

Last date to respond: June 12, 2020



Other Information

Terms and Conditions:

See Attached.


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