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Form #778

Offer to Trustee - Purchase Bankrupt's Assets

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Offer to Trustee - Purchase Bankrupt's Assets (Free Legal Form)

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OFFER TO TRUSTEE

PURCHASE BANKRUPT’S ASSETS

 

To: ________________________ (Trustee in Bankruptcy) ________________ (date)

 

In reference to the bankruptcy of ___________________________________________ (name of bankrupt company) and the liquidation of the assets of bankrupt company, ________________________________________________ (name of company making offer) offers to purchase: (1) all of the existing inventory of the __________________; (2) all spare parts, test equipment, and related items; (3) all engineering drawings and specifications; (4) all proprietary rights; and (5) all other assets of bankrupt company, except: _______________________________________________________________ ____________________________________________ (description of any exceptions).

 

For the purchase of the assets described above, which shall be free and clear of all liens and encumbrances at the time of their transfer and which, as applicable, shall be fully functional and capable of being used in the normal course of business,  the offeror offers the sum of ________________ Dollars ($__________ ).The offeror will pay such sum by cashier’s check at the time of delivery of a bill of sale transferring the title to the assets purchased as a result of this offer (or at such other time required and specified by the trustee or the bankruptcy court judge acting in compliance with applicable law) to the offeror.

 

To the extent of its applicability to the transfer of assets as a result of this offer, all provisions of the bulk sales law will be fully complied with.

 

The offeror shall have the right (but not the obligation) to withdraw this offer if it has not been accepted within _____________________ days of the date of this letter.

 

This offer is contingent on the accuracy of information that has been provided by you, as trustee, and by the personnel of ________________________________________

(bankrupt company) concerning the type, quantity, condition, location (and such similar matters) of the assets subject to this offer; the information must be sufficiently and reasonably accurate to the minimum extent that a reasonable and prudent business person could rely thereon in conducting his or her own business affairs. If the information is not accurate to the minimum requisite extent, the offeror reserves the right to withdraw or modify this offer without prejudice.

 

__________________________________________________

Name of Offering Company

 

By: ______________________________________________

      Printed Name and Title

 

 

 

Contributed by
Anonymous
 
Name of Firm Anonymous
Total Forms Contributed 51
 

See All Anonymous's Forms
 

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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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Keywords: legal forms, bankruptcy, bankrupt's assets

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