September 9, 2020 at 10:00 am
Long Island, NY
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)
Details:
Located at 6 Yards throughout Long Island, NY
500+ School Buses, Vans & Additional Vehicles
Two Online-Only Auctions:
Wednesday, September 9th – Friday, September 11th
Wednesday, September 23rd – Friday, September 25th
Formats Include:
Manufacturers:
Additional Information:
ONLINE-ONLY BIDDING – CLICK HERE FOR ONLINE BIDDING
Bidding is available by computer or download of the Maltz Auctions App on the App Store or Google play
Pre-Registration Required to Bid. You Must send in signed Terms and Conditions of Sale & Online Bidding Form and a deposit to be approved for bidding. Acceptable forms of deposit are cashier’s check, postal money order, and wire transfer (funds must be received at least 24 hours prior to the scheduled end time of the auction or you may not be approved to bid prior to the conclusion of the auction). Your buying power will be 4x the amount of your deposit. For example, if you send $1,000 you will be approved for up to $4,000 in bidding. All unspent deposits will be processed for a refund within 48 business hours following the conclusion of the auction.
Viewings: TBA. Vehicles will be started one at a time, in lot number order. Please arrive at 9:00 am to ensure you see every vehicle running.
Pre-Registration Required to Bid: You must send in signed Terms & Conditions of Sale & Online Bidding Form and a 25% deposit (you will be approved to bid up to 4x your deposit amount) to be approved for bidding. Acceptable forms of deposit are cashier’s check, postal money order, and wire transfer (funds must be received at least 24 hours prior to the scheduled end time of the auction or you may not be approved to bid prior to the scheduled conclusion of the auction).
Auction Date: Online-Only Bidding will open Wednesday, September 9, 2020 at 10:00 am and is scheduled for the first lot to close on Friday, September 11, 2020 at 10:00 am. Visit RemoteBidding.MaltzAuctions.com or download the Maltz Auctions App on the Apple Store or Google Play.
Bidding Process: If a bid is placed with less than one minute remaining, the bidding period will be extended so one minute remains for competing bids to be entered. If any further bidding occurs, the extension timer will reset to one minute. If/once no further bidding activity occurs, the sale closes when the time runs out.
Terms & Conditions of Sale: Property Asset sold “as-is” and “where-is”, and free and clear of all liens, claims or encumbrances. In order to register to bid, all prospective bidders must remit a cashier’s check in the amount of 25% of your maximum total bid amount made payable to “Maltz Auction”, signed Terms & Conditions of Sale and signed Online Bidding Form to Maltz Auctions at 39 Windsor Place, Central Islip, NY 11722 twenty-four hours prior to the scheduled close of bidding. Please download the complete Terms and Conditions of Sale.
Buyer’s Premium: A nine (9%) percent Buyer’s Premium will be added to the Successful Purchaser’s high bid to determine the contract price to be paid by the Successful Bidder.
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Klestadt Winters Jureller Southard & Stevens, LLP, Attorneys for the Chapter 11 Debtors and Debtors-in-Possession
Richard B. Maltz, Auctioneer
David A. Constantino, Auctioneer
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.
