This is a public record generated listing.
Contract Rights for Sale
Listing Information
Attachments
Contract Rights for Sale
Price: $1,000.00
Other Item Info
Item #: tnmbke_367408
Created: 09/16/2019
Category: Business Property > Financial > Contract Rights
Sale Date: None Set
Created: 09/16/2019
Category: Business Property > Financial > Contract Rights
Sale Date: None Set
Seller Info
John McLemore
Trustee
2000 Richard Jones Rd. Suite 250
Nashville, TN 37215
(615)383-9495
Trustee
2000 Richard Jones Rd. Suite 250
Nashville, TN 37215
(615)383-9495
Bankruptcy Info
Case #: 3:19-bk-03208
Case Title: DIGITAL CONNECTIONS, INC.
Court: Tennessee Middle Bankruptcy Court
Chapter: 7
View Case Docket
Case Title: DIGITAL CONNECTIONS, INC.
Court: Tennessee Middle Bankruptcy Court
Chapter: 7
View Case Docket
Description
Sale of All rights and obligations established in a contract running between the Seller, Digital Connections, Inc. and The Interlocal Purchasing System (TIPS), a Texas governmental entity. TIPS function is to streamline the purchasing primarily by Texas educational institutions and vendors. TIPS vets vendors to determine quality and price of specific products and services. If TIPS approves a vendor, a contract is issued usually for a term of three years. The contract excuses the vendor from competitive bidding. The Seller’s TIPS contract has approximately six months remaining. Pinnacle Business Systems has TIPS approval but cannot apply for a contract until the spring of 2020. TIPS does allow assignments to approved vendors.
Financial Overview
Income and Expenses ($)
months
Revenue/Gross Income:
Total Expenses:
Cash Flow:
Asset and Liability Summary ($)
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Inventory:
FF&E:
Real Estate:
Total Assets:
Liabilities to assume:
Additional Details
Minimum bid: $500.00 over sale price
Bid increment: $500.00
Last date to respond: October 3, 2019