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Commercial Property and Remnant Assets for Sale
Listing Information
Attachments
Commercial Property and Remnant Assets for Sale
Price: $701,000.00
Other Item Info
Item #: debke_180372
Created: 09/02/2020
Category: Real Property > Commercial > Commercial Vacant Land/Building
Sale Location: Wilmington, Delaware
Sale Date: Mon. Sep 21, 2020
Created: 09/02/2020
Category: Real Property > Commercial > Commercial Vacant Land/Building
Sale Location: Wilmington, Delaware
Sale Date: Mon. Sep 21, 2020
Seller Info
Erin Fay
Debtor's Attorney
600 North King Street Suite 400
Wilmington, DE 19801
302-429-4242
Debtor's Attorney
600 North King Street Suite 400
Wilmington, DE 19801
302-429-4242
Bankruptcy Info
Case #: 1:20-bk-10345
Case Title: VIP Cinema Holdings, Inc.
Court: Delaware Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: VIP Cinema Holdings, Inc.
Court: Delaware Bankruptcy Court
Chapter: 11
View Case Docket
Real Estate Location
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New Albany, MS, 38652
Description
Sale of commercial property and remnant assets, and more particularly described as:
- Commercial Property for $676,000: Property located at 406 Futorian Way, New Albany, MS 38652 plus any related transferable rights, and more legally described from Page No. 56-58 on the attached; and
- Remnant Assets for $25,000: Remnant Assets, defined as all ofthe seller's assets, other than certain Excluded Assets, and which Remnant Assets include accounts receivable and other assets set forth on Exhibit A to the Remnants Purchase Agreement, known or unknown assets or claims which have not been previously sold,assigned, or transferred; provided, however, that collection of proceeds from the Odeon accounts receivable prior to October 30, 2020, shall be shared with 80% going to the sellers and 20% to the Remnants Purchaser.
Sale Location
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Wilmington, DE, 19801
Additional Details
Sale Hearing in "Courtroom No. 4" @ 2:00 p.m.
Last date to respond: September 14, 2020