Judgment in the Amount of $3,000,000!

Description

Case Name: Meridian Tubulars
Case Number: 10 45284
Trustee:
Starting Minimum Bid: $5,000

Description: Default judgment filed in the Northern District of Texas against a number of entities, related to oil/gas land rights, as follows:

Miller Energy, LLC
The Promethan Coporation
Miller Operating Ci, LCC
Promethean Structures, LLC
Miller Petroleum Partners, LP, and
Miller Interests, LLC
Defendants

The defendants are located in Lafayette, Louisiana. The judgment amount is $3,000,000. The judgement was filed in the District of Northern District of Texas, Ft Worth Division in the above bankruptcy case, and Adv. Pro # 11-04070 filed 1/9/2012

The judgment is in the amount of $3,000,000 plus interest,

The defendants have links to the oil/gas industry. Trustee will provide known address/contact information of the defendants to the winning bidder.

Judgments See Link Below-
1/ [21] Adversary case 1104070_ Complaint by Shawn K_ Brown against Miller Energy, LLC, The Prometh

2/[26] Motion to compromise controversy with the Miller Defendants_ Related AP case numbers [1]

3/[26] Motion to compromise controversy with the Miller Defendants_ Related AP case numbers [2]

4/ [26] Motion to compromise controversy with the Miller Defendants_ Related AP case numbers [3]

5/[26] Motion to compromise controversy with the Miller Defendants_ Related AP case numbers [4]

6/ [34] Agreed Order granting amended motion to compromise controversy

7/032.Agreed Judment.entered

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.

Legal Info:
By Order of the United States Bankruptcy Court, BKAssets 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 property, paying all fees/liens (if any), recording/transferring the title/assignment 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 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..