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Form #774

Bill of Sale by Liquidating Trustees

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Bill of Sale by Liquidating Trustees - Free Legal Form

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Bill of sale by liquidating trustees.

We, _________, _________ and _________, liquidating trustees of _________ Company of _________, _________, for a valuable consideration, to us paid by _________ of _________, receipt of which is acknowledged, have granted, bargained, sold, released and delivered to _________, all the right, title and interest of the liquidating trustees in and to all of the remaining unpaid notes, judgments and/or other claims receivable owing to _________, without prejudice to the ownership of _________ because of any omissions, in the attached schedule which is incorporated into this Bill of Sale.

To have and to hold the receivables, all and singular, for the use, ownership and behoof of _________, and its assigns.

In witness, we have set our hands and seals this _________ day of _________, at _________, _________.

[Signatures, liquidating trustees of _________ Company]



 
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Name of Firm Anonymous
Total Forms Contributed 51
 

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Terms Of Use

Submissions to this site, including any legal or business forms, posts, responses to questions or other communications by contributors are not intended as and should not be construed as legal advice. You are strongly encouraged to consult competent legal council before engaging in any action based upon content contained on this site.

These downloadable forms are only for personal use. Retransmission, redistribution, or any other commercial use is prohibited. This includes reposting forms from this site to another site offering free legal or other document forms for download.

Please note that the donator may have included different usage terms regarding this form, and you agree to abide by these terms. It is highly recommended that you have a licensed attorney review any legal documents for which you are searching in order to make sure that your needs are being properly and completely satisfied.

Your use of this site constitutes your acceptance of our terms of use and your agreement to hold this site, its officers, employees and any contributors to this site harmless for any damage you might incur from your use of any submissions contained on this site. If you do not agree to the above terms, please do not proceed.

These forms are provided to assist business owners and others in understanding important points to consider in different transactions. They are offered with the understanding that no legal advice, accounting, or other professional service is being offered by these documents or on this website. Laws vary in the different states. Agreements acceptable in one state may not be enforced the same way under the laws of another state. Also, agreements should relate specifically to the particular facts of each situation. Therefore, it is important to consult legal counsel whenever utilizing these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com is not engaged in recommending or referring members on the site or making claims about the competence, character or qualifications of its participating members.
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Comments

submitted 10/24/2008
by DavidMarshall  

"The most common way in which to liquidate a debtor’s estate is a Chapter 11 liquidating plan under which a liquidating trustee sells off the assets and pays out the proceeds to the creditors. (This is a more efficient and less expensive system than liquidation under Chapter 7.) The process is aimed at producing an orderly and not a fire sale. This means that all the different types of assets are grouped and sold under the supervision of the bankruptcy court. This form is for use by a professional firm acting as the liquidating trustees, and it relates to the sale of intangible assets, i.e. the unpaid debts, outstanding judgments and other valid obligations enforceable by the bankrupt. "
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Keywords: Bill of Sale, Liquidating Trustees, Legal Forms, Bankruptcy

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