Sale of Bankruptcy Estate’s Interest in Real Property Located at 16442 McKeever Street, Granada Hills, CA 91334 Active
The Trustee proposes to sell the estate’s interest in the property to the proposed Buyer free and clear of all liens, claims, interests and encumbrances pursuant to sections 363(b), (f), and (m) of the United States Bankruptcy Code for a purchase price of $579,000. Buyer has given the Trustee a deposit of $17,360. Potential purchasers seeking to submit an overbid must submit offers to counsel to the Trustee no later than 5:00 p.m. (Pacific Time) two calendar days prior to hearing, pursuant to the Sale procedures described in the Motion. Initial overbid is $600,000, subsequent overbid increments $5,000. To be qualified overbidders, potential overbidders must submit to the Trustee a deposit amount of $17,370 and proof of financial ability to close.
(1) Litigation Claims Pending in Alexandria Equitites No. 7, LLC v. Precision AgriTech, Inc., Eric Ellestad and Matthew Vail; and (2) Intellectual Property Active
The Trustee’s right and interest in (1) the litigation claims pending in Alexandria Equitites No. 7, LLC v. Precision AgriTech, Inc., Eric Ellestad and Matthew Vail, pending in Los Angeles Superior Court, Case No. VC067132 and (2) intellectual property, which is listed on the Debtor’s Schedule A/B.
On behalf of bankruptcy trustees and other professionals involved in the sale of market assets we invite you to peruse the information about the current items up for bankruptcy sale. We welcome you to list any additional items by filing out the form below. This service is being offered to all clients, trustees, creditor committees and others involved in bankruptcy sales as Danning-Gill is pleased to host this service for those looking to purchase market assets in California.