Judgment in the Amount of $270,050.00 Reduced to $99,000 Now Due !

Winning Bid: $999.00

Item condition: New

Category:

Share this auction:

Description

Item Id: NC Tobacco01
Case Name: North Carolina Tobacco International LLC
Case Number: 17 51077
Trustee:
Starting Minimum Bid: $999

Description: Default Judgment against one Burton Rice & C Few:

Burton Rice and C Few, LLC

The Trustee obtained judgment in the amount of $270.025.00 against each of the defendant including interest as of 10/5/2018 filed in the Middle District of North Carolina in the above bankruptcy case, and Adv. Pro # 18 06033 filed 12/7/2018

The total judgment, combined, are in the amount of $270.025.00 plus interest as of October 2018,

By early 2020, the Trustee successfully sold a number of asset which reduced the defendant’s liability to $99,972.78. The Trustee further obtained a Partial Judgment reducing the original $270,025 figure to $99,972.

The Partial Judgment is located under the same Adv number and was filed on 8/17/2020

Trustee will provide contact information of the defendants to the winning bidder. The firm’s public address is listed in the Judgment

Judgment See Links Below:
Default Judgment 2018-12-07

Default Judgment Am 2020-02-20

Partial Satisfaction 2020-08-17

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 www.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.

This service is an option for the winning bidder if they so choose to accept. It is NOT provided automatically by BKAssets.com.

This agreement with BKAssets.com is on a contingency basis. If the winning bidder elects to accept this service by the collection agency, should any payments be received, the collection agency will have the right to maintain up to 33% of the funds collected on behalf of the winning bidder. There is no up-front fee to the buyer for the service. The agency is only paid if they are successful in their efforts obtaining payment directly from the defendant.

In order to accept this agreement and collection support, the winning bidder must contact BKAssets directly once the original assignment is signed and notarized by the Trustee and the assignment is received by to the winning bidder. BKAssets will then provide the collection agency contact information to the winning bidder.**

Legal Info: By Order of the United States Bankruptcy Court, BKAssets sells this and any other property/judgment “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 judgment, collection of same, or any liens or encumbrances against the defendants. The buyer will be entirely responsible for this judgment/assignment after the sale including but not limited to: paying any fees/costs associated with this judgment, pursuit of the collection any paperwork/documentation necessary for that process and for collection of the judgment. Seller and trustee are NOT appraisers or judgment brokers. BKAssets and the trustee shall be under no obligation to buyer except to provide buyer with an assignment. All the information as to the item description has been provided by the court. BKAssets cannot guarantee that all the information is accurate. BKAssets 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 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 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

Auction has finished

Highest bidder was: bstonefinance

Date Bid User Auto
November 23, 2020 5:40 pm$999.00bstonefinance
October 29, 2020 4:11 pmAuction started