Listing is Active Effective 02/25/2021

Estate’s right, title and interest . . .

Estate’s right, title and interest in and to any and all contract rights, payments of any kind, including residual payments arising from copyrights and/or contract rights for film, television and music, payable with regard to Debtor’s film library distribution rights from any party including, but not limited to, Overdrive, Inc., Swank Motion Pictures, Inc., Dish, Hulu, Sound Exchange, XLrator Media, LLC and Walmart.

Trustee

Diane C. Weil

Method of Sale

Offer Subject to Overbid

Sale Description

The Trustee proposes to sell the Property to proposed buyer pursuant to 11 U.S.C. §§ 363(b) and (f) for a purchase price of $25,000. The property is being sold on an “AS IS, WHERE IS” basis without any warranties, express or implied, and without any contingencies, and free and clear of all liens, claims interests, and encumbrances, with such liens, claims, interests, and encumbrances to attach to sale proceeds. Potential purchasers seeking to submit an overbid must submit offers to counsel for the Trustee and to the Trustee no later than one day before the hearing on the Motion via email directed to David Seror (dseror@bg.law) or Tamar Terzian (tterzian@bg.law) of intent to overbid and proof of financial ability to close escrow.

The initial Overbid is: $27,000; Subsequent Overbid Increments are: $500.  To qualify, overbidders must submit its highest bid.  The bid amount must be remitted to the Trustee no later than March 14, 2021, 5:00 p.m. PT payment in the form of a cashier’s check only (no other form of payment shall be accepted) made payable to “Diane Weil, Chapter 7 Trustee”.

Hearing Information

March 17, 2021 at 10:30 a.m. before the
Honorable Maureen Tighe
Courtroom 302 Via ZoomGov
21041 Burbank Blvd.
Woodland Hills, CA  91367

Contact Information

David Seror, Esq.
Tamar Terzian, Esq.
Brutzkus Gubner
21650 Oxnard Street, Suite 500
Woodland Hills, CA 91367
Telephone: (818) 827-9000
Facsimile:  (818) 827-9099

Email addresses:
dseror@bg.law
tterzian@bg.law

 

Case Details

Case Name:  Inception Media Group, LLC
Case Number:  1:17-bk-11663-MT