This is a public record generated listing.
Coal Mining Services Business in Alabama
Listing Information
Attachments
Coal Mining Services Business in Alabama
Price: Not Specified
Other Item Info
Item #: alnbke_671880
Created: 04/16/2019
Category: Business Property > All Assets or Going Concerns > Mining
Sale Date: Thu. May 23, 2019
Created: 04/16/2019
Category: Business Property > All Assets or Going Concerns > Mining
Sale Date: Thu. May 23, 2019
Seller Info
Lee R. Benton
Debtor's Attorney
2019 3rd Ave N
Birmingham, AL 35203
205 278-8000
Debtor's Attorney
2019 3rd Ave N
Birmingham, AL 35203
205 278-8000
Bankruptcy Info
Case #: 2:19-bk-01390
Case Title: Piney Woods Resources, Inc., et al.,
Court: Alabama Northern Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: Piney Woods Resources, Inc., et al.,
Court: Alabama Northern Bankruptcy Court
Chapter: 11
View Case Docket
Description
Auction Sale of substantially all of assets of the Piney Woods Resources, Inc. and Jesse Creek Mining, LLC (collectively, the “Sellers”), including all assets, real, personal, mixed, tangible and intangible, connected with the going-concern operations of the seller’s coal mining business, and more described as below:
- All buildings and improvements owned by any of the sellers and any related leasehold rights of the Debtors in such related Unexpired Leases that are assumed and assigned;
- Any contractual rights of the sellers relating to such mining operations as are assumed and assigned;
- All equipment, fixtures and other personal property of the sellers relating to such mining operations;
- All coal inventories of the sellers relating to such mining operations;
- All other inventories on hand relating to such mining operations or otherwise owned by the sellers on the date of Closing;
- Copies of property records relating solely to the mining operations, and copies of certain personnel and payroll records relating solely to the employees who were Employed by the sellers immediately prior to the Closing;
- All necessary contracts not described above;
- All necessary permits to the extent transferable; and
- All trucks, trailers, and related motor vehicle equipment owned by the sellers.
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 will be conducted on May 23, 2019 at a location and time to be determined.
- Sale Hearring Held on May 29, 2019
- Bid Deposit: 5% of the Bid Purchase Price
- Bid Deadline: May 21, 2019
- Last date to respond: May 28, 2019