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Special Report on

Bulk Sale, Notice to Creditors

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William M. Kufeld, New York City (Lawrence Weiss, Carb, Luria, Glassner, Cook & Kufeld, New York City, of counsel), for defendant-appellee. Before SMITH, KAUFMAN and HAYS, Circuit Judges. IRVING R. KAUFMAN, Circuit Judge: The issue before us is whether New York's Bulk Sales Law, Personal Property Law, McKinney's Consol.Laws, c. 41, § 44, applies to the sale and immediate leaseback of the furnishings of a motel as part of a real estate transaction. Gordon, as trustee in bankruptcy for Motel City Inc. [hereinafter Motel City] brought this action under § 70(e) of the Bankruptcy Act against Motel City ...
Buying a Business – the Basics | BlogSDN Articles
Buying a business in today’s economic climate requires that you, the buyer, be on the ball, with regard to business basics. This economic climate, as far as businesses are concerned, is a sellers market. With the corporate downsizing, economic downturn and other factors, there are a lot of very knowledgeable buyers out there looking for one of the very few good business to buy. This means that you, as a buyer have a lot of competition. Consequently, you need to be well prepared. Professional business buyers, report that it takes anywhere from 3 months to 3 years to find the right business. So, if anything, what can be ... market research, surveys and trends
Grahamstown Journal 1851 - October to December | Ancestry24
Death at East London, Buffalo Mouth, on the 10th September, Helen Mary, the beloved wife of the Rev. Francis FLEMING, Military Chaplain and Minister of King William’s Town, aged 17 years and 11 months. “Deservedly lamented by all who knew her”. 13 chap of Mark, 36 and 37 verse. HAW & Co Are now receiving Hanging paper, neat patterns, wagon arms, wagon rungs, iron and brass bedsteads, plough shares and mould boards, saddlery various And always on hand a general assortment of ironmongery. NOTICE TO CREDITORS In the insolvent estate of Thomas CLACK of Graham’s Town, shopkeeper All persons claiming to be ... market research, surveys and trends


The bulk sale statute--still alive and kicking | Legal ...
Prior to 1990, Article 6 of the Uniform Commercial Code (UCC) was the uniform state law that regulated bulk sales. UCC Article 6 was enacted to deal with a fraud that was common at the turn of the 20th century. A merchant would acquire inventory on credit and then in a "bulk sale" sell all or a large part of its inventory to a single buyer outside the ordinary course of business and then disappear with all of the sales proceeds leaving creditors high and dry. Who could the seller's creditors sue for payment of their claims? Creditors could sue the seller, but their judgments were often uncollectible because they ... industry trends, business articles and survey research
DIVISION 6. BULK SALES - Sections 6101-6111 - California ...
6101. This division shall be known and may be cited as Uniform Commercial Code--Bulk Sales. 6102. (a) In this division, unless the context otherwise requires: (1) "Assets" means the inventory and equipment that is the subject of a bulk sale and any tangible and intangible personal property used or held for use primarily in, or arising from, the seller's business and sold in connection with that inventory and equipment, but the term does not include any of the following: (i) Fixtures (paragraph (41) of subdivision (a) of Section 9102) other than readily removable factory and office machines. (ii) The ... industry trends, business articles and survey research
Appellant Lawrence Morrison, P.C. ("Morrison"), counsel to Chapter 11 debtor Larry Bresnick ("Bresnick" or "Debtor"), appeals an order of the United States Bankruptcy Court for the Eastern District of New York, Brooklyn Division (the "bankruptcy court"), entered on June 23, 2009 (the "Order"). The Order denied Morrison's fee application (the "Fee Application") to the extent that it sought an award of fees incurred after the appointment of a Chapter 11 trustee in Bresnick's case. The bankruptcy court's Order relied on Lamie v. United States Trustee , 540 ... market trends, news research and surveys resources
or voidable under the Protection of Homeowners in Foreclosure Act, Sections 7-301 to 7-321 of the Real Property Article, Maryland Code (1974, 2003 Repl. Vol., 2006 Supp.). Although Harriette Julian, the Petitioner and alleged foreclosure rescue scam victim, failed to file a supersedeas bond [ 1 ] to stay the ratification by the Circuit Court for Charles County of a foreclosure sale of a property in which she had been in the chain of title, her appeal is not moot. In reaching the merits of her appeal, we hold that her conveyance in that chain of title would be voidable if the proof adduced during a hearing on her exceptions ... market trends, news research and surveys resources


NOTICE TO CREDITORS OF BULK SALE. (Notice pursuant to UCC Sec. 6105). NOTICE IS HEREBY GIVEN that a bulk sale is about to be made. ... technology research, surveys study and trend statistics
Business Law Section
more businesses consist of intangible assets (as they are), the less relevant the bulk sales law is. > It provides creditors only 10 days notice that the ... technology research, surveys study and trend statistics
U.C.C. - ARTICLE 6 -§6-102.
and any tangible and intangible personal property used or held for use primarily in, or arising from, the seller's business and sold in connection with that inventory, but the term does not include: (i) fixtures (Section 9-313(1) (a)) other than readily removable factory and office machines; (ii) the lessee's interest in a lease of real property; or (iii) property to the extent it is generally exempt from creditor process under nonbankruptcy law. (b) " Auctioneer " means a person whom the seller engages to direct, conduct, control, or be responsible for a ...
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Sale Of Most GM Assets Given Green Light
A bankruptcy judge has ruled that General Motors Corp. can sell the bulk of its assets to a new company, potentially clearing the way for the automaker to quickly emerge from bankruptcy protection. U.S. Judge Robert Gerber said in his 95-page ruling late Sunday that the sale was in the best interests of both GM and its creditors, whom he said would otherwise get nothing. But it appears the ruling will be appealed. A Chicago law firm representing people who have sued GM in several auto accident cases filed paperwork Monday saying it would appeal to U.S. District Court in New York. "As nobody can seriously dispute, the only ...
Collections Law: Ohio Statue of Limitation - Credit Card Debt ...
We are facing a VERY SERIOUS and COMPLEX financial disaster in the United States taking place. I am being overwhelmed by victims of companies such as American Express, Nationwide Credit, Allied Interstate, Unifund, and our company Western Capital. We have also been getting massive exposure from the international media because of the video that we posted on YOUTUBE where we show our live conversation with AMEX and Nationwide Credit. You can see this video at The Bottom line is that if you have been abused, buy an MP3 Recorder and email us your outline of whats going on. If we accept you, you will be ...