306 BUSES, F,F&E…
August 25, 2020 at 12:00 pm
Bankruptcy Sale – United States Bankruptcy Court Eastern District of New York
In Re: BAUMANN & SONS BUSES, INC., et al. – Case No. 20-72121 (REG) (Jointly Administered)
306 School Buses/Vehicles, FF&E, Lease Rejection
- Assets Substantially Related to 107 Lawson Boulevard, Oceanside, NY 11572
- Bulk-Only Sale
- 1. 306 Buses/Vehicles as Listed on Schedule A to the Asset Purchase Agreement
- 2. Rejection and Termination of the Debtors’ Lease for the Premises at 107 Lawson Boulevard, Oceanside, NY 11572 (the “Oceanside Facility”)
- 3. Furniture, Fixtures, and Equipment at the Oceanside Facility
- 4. Fuel in the Tank at the Oceanside Facility
- Current Offer Price is $2,555,085.28 – Subject to Higher Offers
- Please call Richard Maltz at 516-349-7022 x 202 to Discuss Presenting a Higher Offer
- Complete Asset List, Photos & Maintenance Records Available in the Data Room – Click Here
Offer Deadline: Higher offers must be presented for consideration (with a deposit) prior to Tuesday, August 25, 2020 at 12:00 noon.
Have Questions? Get In Touch
You must be logged in to send an Auction Inquiry.
Klestadt Winters Jureller Southard & Stevens, LLP, Attorneys for the Chapter 11 Debtors and Debtors-in-Possession
Richard B. Maltz, Auctioneer DCA# 1240836
David A. Constantino, Auctioneer DCA# 1424944
Richard B. Maltz, Licensed Real Estate Broker
Phone (516) 349-7022 Fax (516) 349-0105
The Assets are being sold “AS IS” “WHERE IS”, “WITH ALL FAULTS”, without any representations, covenants, guarantees or warranties of any kind or nature, and free and clear of any liens, claims, or encumbrances of whatever kind or nature, with such liens, if any, to attach to the proceeds of sale in such order and priority as they existed immediately prior to the entry of the Orders for relief against the Debtors. All Bidders acknowledge that they have had the opportunity to review and inspect the Assets, the state of title thereof and laws, rules and regulations applicable thereto, and will rely solely thereon and on their own independent investigations and inspections of the Assets in making their offers. Neither Maltz, the Chapter 11 Debtors and Debtors-in-Possession, the Attorney for the Chapter 11 Debtors and Debtors in Possession or any of their collective representatives makes any representations or warranties with respect to the permissible uses of the Assets. All Bidders acknowledge that they have conducted their own due diligence in connection with the Assets and are not relying on any information provided by Maltz, the Chapter 11 Debtors and Debtors-in-Possession, the Attorney for the Chapter 11 Debtors and Debtors in Possession, or their professionals. The information contained herein was derived from sources deemed reliable, but is not guaranteed. Most of the information provided has been obtained from third-party sources and has not been independently verified. It is the responsibility of the Buyer to determine the accuracy of all components of the sale and Assets. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the Assets. All prospective bidders are urged to conduct their own due diligence prior to submitting an offer. Bid rigging is illegal and suspected violations will be reported to the Department of Justice for investigation and prosecution.