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Form #778Offer 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
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These forms are provided to assist business owners and others in understanding important
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Keywords: legal forms, bankruptcy, bankrupt's assets
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