Estate’s Interest in a Court Ordered Payments in the Amount of $50,216.61!

Starting bid: $3,300.00

Item condition: New

Time left:

Auction ends: November 19, 2018 10:11 am
Timezone: America/Phoenix

Starting bid: $3,300.00

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Description

Case Name: Cantu, Marco A & Roxanne (and Mar-Rox, Inc)
Case Number: 08 70260 & 08 70261
Trustee:
Starting Minimum Bid: $3,300

Description: A. Shah Settlement in the amount of $34,000 which the debtors were ordered to pay to the Trustee by the Order Directing and Compelling Disclosure of Settlement, Accounting and Turner of Settlement Proceeds dated July 13, 2009 entered in the main bankruptcy docket case (Doc #1111) and the Memorandum and Opinion entered in Adversary 09-7018 dated February 17, 2001 (Doc #77); and

B. The compensable sanctions previously imposed against Debtors in the amount of $14,626.61 with reasonable attorneys’ fees and expenses incurred by the Trustee in the amount of $1,500 by Orders entered in Adversary No 09-7011 (Doc #35, 39 and 42) and by Order Granting Trustee’s Motion for Entry of Order requiring payment of previously imposed sanctions dated March 28, 2018 (Doc # 2483) entered in the main bankruptcy case; and

C. Any and all further claims to enforce payment of the Assets set forth in A & B above, if any.

The bankruptcy and all above stated Docket, procedures and judgment have been filed in the State of Texas Bankruptcy Court; Southern District, McAllen, TX.

Both debtors are sole owners of Mar-Rox, Inc.

Trustee will provide last known address of the defendants to the winning bidder.

THIS ASSET HAS A FIRM OFFER AND WILL NOT RELIST!!!

See Links Below:

Document #1111
(Docket #1111) Order Directing and Compelling Disclosure of Settlement, Accounting and Turnover of Settlement Proceeds

Document #77
(Doc #77) Memorandum and Opinion entered in Adversary 09-7018

Document #35
(Docket #35) Orders entered in Adversary No. 09-7011

Document #2483
(Docket # 2483) Order Granting Trustee’s Motion for Entry of Order Requiring Payment of Previously Imposed Sanctions

Location Info: All documents filed with the State of Texas Bankruptcy Court, Southern District

Notes: A closing cost fee of $275 will apply. This is all we know about this item. Any fees/liens owing on this item are not part of the final bid price. A bid submitted by a buyer is an agreement to our Terms. Buyers should not bid unless they fully intend to complete the sale in accordance with our Terms (to view terms, click “Terms” tab in Seller Store header at top of ad).

Bidders should familiarize themselves with BKAssets.com policy regarding ‘Proxy Bidding’ (see ‘Bidding Guide’ on BKAssets.com Home Screen). BKAssets is not responsible for connectivity issues, or Internet transmission times, when submitting an auction bid near the close of auction. The auction process does not extend past the set close time of the auction and bidders are solely responsible for the timing and receipt of their bids if they elect not to utilize Proxy bidding.

** BKAssets.com has retained the services of an outside collection agency specializing in judgments who may be willing to assist the winning bidder in pursuing, and collecting, on the judgment from the defendant. This asset has been pre-approved for this assistance by both BKAssets and the collection agency.**

Legal Info: By Order of the United States Bankruptcy Court, Bkassets.com sells this and any other property “AS IS, WHERE IS”, with no warranties implied or stated. This means that the Seller and the trustee are not responsible for problems (if any) with the title, the condition of the property, or any liens or encumbrances against the unit. The buyer will be entirely responsible for this property/assignment after the sale including but not limited to: paying any fees/costs associated with this judgment collection, paying all fees/liens (if any), recording/transferring the title and gathering any paperwork/documentation necessary for that process and for collection of the judgment. Seller and trustee are NOT appraisers or judgment brokers. BKAssets.com and the trustee shall be under no obligation to buyer except to provide buyer with an Assignment of the Judgement. All the information as to the item description has been provided by the court. BKAssets.com cannot guarantee that all the information is accurate. BKAssets.com recommends all bidders perform their own due diligence prior to bidding. As with any bankruptcy sale, this sale may be subject to court approval.

Payment Info: $U.S. Money order, certified check, cashier’s check. BKAssets.com may also accept “Bill Pay” from Wells Fargo, Bank of America, Citibank, Chase, a local regional bank or Credit Union. If you would like to use “bill pay,” but do not bank at one of these establishments, please call BKAssets.com prior to sending payment.

A closing cost fee of $275 (payable to seller) will apply. Full payment must be received within (7) days of winning bid. Any bidder who does not complete the sale within 7 days from the close of auction will be considered in default. Seller has the right to proceed with the next highest bidder.

Shipping Info: Shipping is included to all buyers in the United States. International bidders are welcome, please contact Bkassets for shipping costs to countries other than the United States prior to bidding. Shipping costs to locations outside of the US will be calculated at the close of auction. Please be advised that because this is a US Bankruptcy Court Ordered sale, and subject to approval, shipping can take an average of 3-6 weeks.

Liens: We are not aware of any liens

Bidding Guide: Please review the BKAssets.com bidding guide for terms of auction prior to placing a bid or making an offer.

Auction History

November 6, 2018 4:12 pmAuction started

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