Dates & Times (US/Eastern)

Bidding ends:
Wed, August 30, 2017 12:00PM

Sale Address

Sale Description

Bankruptcy Auction of $605,000 Judgement Lien held by Greeley & Associates

Date: 08/30/2017

Time: 12:00PM

Location: Online Bidding Only

ABSOLUTE AUCTION OF BANKRUPTCY ESTATE ASSET Online Bidding Only Auction of an agreed upon Judgment Lien BIDDING BEGINS: Tuesday, August 15th at 9:00AM BIDDING ENDS: Wednesday, August 30th at 12:00PM

Sold by the order of the United States Bankruptcy Court for the Eastern District of Tennessee at Knoxville – Case # 10-34439-SHB Current Judgment Lien held by Greeley & Associates Inc. Selling at auction, an agreed upon judgment lien by Ricky L. Bright, entered on June 23, 2009 in Knox County Circuit Court, Case # 3-199-08 (Exhibit A) Approximate amount owed to lien holder is $605,000.00 Shoffner Mechanical Industrial & Service Co is in first position as to collect this judgment and has been paid down to approx. $26,119.42 as of July 11, 2017 After the lien to Shoffner is paid in full, payment will begin to be paid toward the debt owed to Greeley and Associates, payable to the current owner of the Judgment Lien. Full details of the judgement lien are attached in the important information section on this webpage. This is recognized by the trustee as a Non-dischargeable Judgment Lien ONLINE TERMS: Thank you for participating in a Powell Auction & Realty, LLC Online Auction. It is important that you familiarize yourself with the Terms and Conditions of the Sale. If you do not agree with any of the terms and conditions stated, PLEASE DO NOT BID or you will be bound by those Terms and Conditions. Good luck and good bidding. Auctioneer/Employees without notice may withdraw, extend or rearrange any property, and or item at their sole discretion at any time and will not be liable for any computer, internet or website malfunctions. If bids are placed within the last minute, bidding will automatically extend to prevent bid sniping.Payment must be made in full within 24-hours after being contacted by Powell Auction & Realty, LLC and made payable to John P. Newton, Jr., Trustee. 10% buyer’s premium added to the high bid to establish total sales price. Final sale is subject to Bankruptcy Court approval. If sale is not confirmed, payment will be returned to the bidder. At closing, the Trustee will provide a Bill of Sale assigning the estate’s rights/claims in the judgment to the purchaser. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding.



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