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Form #776

Memorandum of Sale

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Memorandum of Sale - free to use

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MEMORANDUM OF SALE

 

________________________________________, trustee in bankruptcy of the estate of ________________________________________________, debtor, has this day sold to ______________________________, and __________________________________ has this day bought from trustee, the following property: __________________________________________________ (describe), __________ (if objections have been lodged, and hearing completed, add: ordered to be sold by order entered by _____________, Judge of the United States Bankruptcy Court for the ___________________ District of __________________, on _____________, 19____,) for the sum of _____________ Dollars ($__________). The buyer has paid on account of the purchase price the sum of _____________ Dollars ($____________), the receipt of which trustee acknowledges. The buyer agrees to pay the remainder of the purchase price of __________ Dollars ($__________), on ___________ (Date).

 

 

In witness whereof, the parties have executed this memorandum of sale at __________________________________ (Place of Execution) on ___________ (Date).

 

 

__________________________________________________

Signature of Debtor

 

__________________________________________________

Signature of Trustee

 

 



 
Contributed by
Anonymous
 
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  

"As a part of the continuing duties imposed on a trustee for the management of a debtor’s estate, he or she must routinely notify the bankruptcy court if any transactions are made that affect title to any of the assets listed in the inventory filed by the trustee. This form gives notice to the court of a sale of some of the property listed in the inventory and confirms whether the whole purchase price has been paid. If any of the price is outstanding, the memorandum confirms when the balance is to be paid. Further note that the relevant history leading to the sale must be memorialized, e.g. that an objection to the sale had been lodged, that the sale has been authorized or ordered by a particular Judge, and so on."
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Keywords: Memorandum, sale, legal forms, bankruptcy

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