SOLD - On behalf of a Chapter 7 Trustee, Auction Markets is selling the Trustee’s rights to a Debtor’s commission income stream supported by a portfolio of life insurance policies. On average, the Trustee is receiving approximately $4,000 per month directly from the life insurance company. The payments are being made pursuant to a Consent Order entered by the US Bankruptcy Court on June 27, 2017. The income stream is projected to last another 7 to 10 years. To receive a copy of the payment history, please sign and return the Confidentiality Agreement found in the Property Information Package available at RealtyMarkets.com.
The pending offer is for $130,000. The next acceptable bid must be at least $145,000, subject to final approval from the US Bankruptcy Court. The hearing to approve the pending offer is scheduled for Tuesday, April 24, 2018 at 9:30am at the US Bankruptcy Court, Courtroom II, 200 S. Washington Street, Alexandria, VA 22314. For instructions on how to submit a higher and better bid, please read the Trustee’s Notice of Intention to Sell Property, Notice of Hearing, and Notice of Opportunity to Object found at RealtyMarkets.com and available on the US Bankruptcy Court docket for the Eastern District of Virginia, Alexandria Division, Case No. 14-10093-KHK. Details about the pending offer may also be downloaded at RealtyMarkets.com.
Auction Markets, LLC, VAAF #2908 000 929