Go Back WednesdayJune 4, 2014 — 11:00am


                              Secured Creditor's Auction Sale

                    All assets of I & E Dry cleaners, Inc. t/a Greenway Cleaners
                    Located at 7589 Greenbelt Road, Greenbelt, MD 20770

McNamee, Hosea, Jernigan, Kim, Greenan & Lynch, P.A.
Robert J. Kim, Esquire
(301) 441-2420

Secured Creditor's Auction Sale

Pursuant to certain security agreement(s) and a UCC Financing Statement by
and between Chang Family Cleaners, Inc. (Secured Creditor) and I & E Dry
cleaners, Inc. t/a Greenway Cleaners. (Debtor) et seq., and as a consequence
of the Borrower’s default(s), the Secured Creditor will sell at public auction:

All assets of I & E Dry cleaners, Inc. t/a Greenway Cleaners

Located at 7589 Greenbelt Road, Greenbelt, MD 20770 

 Including, but not limited to, all furniture, fixtures and equipment, inventory of
hanging clothes and supplies, trade-name, goodwill, all business licenses and permits,
leasehold interest, leasehold improvements, telephone numbers, accounts receivable,
after acquired assets and proceeds of collateral (“Property”).   

Auction to be held at Attorney’s office:

McNamee, Hosea, Jernigan, Kim, Greenan & Lynch, P.A.
6411 Ivy Lane, Suite 200, Greenbelt, MD 20770

 

Partial Terms of Sale

Payment: Alex Cooper Auctioneers accepts cash or certified checks as payment.  Personal checks and Credit Cards are not accepted, no exceptions.

Deposit Required:  In order to bid requires a $25,000 deposit.  The difference to bring the deposit up to 10% is due Wed., June 5th, 2014 by 4:00pm in the auctioneer's office, located at 908 York Road, Towson, MD 21204.  If payment of the additional deposit or the balance of the purchase price is not made within the specified periods, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting purchaser. 

Balance of payment: Settlement is 30 days from the sale date.   

Buyer's Premium: Note that a five percent (5%) buyer's premium will be added to the hammer price.

CONDITION OF ITEMS SOLD: ALEX COOPER AUCTIONEERS SHALL NOT BE RESPONSIBLE FOR THE CORRECT DESCRIPTION, AUTHENTICITY, GENUINENESS OF, OR DEFECT IN ANY ITEM OR LOT AND MAKES NO WARRANTY IN CONNECTION THEREWITH.  NO ALLOWANCE WILL BE MADE OR SALE SET ASIDE ON ACCOUNT OF ANY INCORRECTNESS, ERROR IN CATALOGUING OR ANY IMPERFECTION NOT NOTED.  NO DEDUCTION WILL BE ALLOWED ON DAMAGED ARTICLES AS ALL ITEMS BEING EXPOSED FOR PUBLIC EXHIBITION ARE  AND ALL PROPERTY IS SOLD, "AS IS" WITH ALL FAULTS AND WITH NO GUARANTIES OR WARRANTIES OF ANY TYPE.   

Please contact Alex Cooper's if you have questions or need help bidding.
Contact Information: Larry Cooper
Email: Larry@AlexCooper.com
Telephone (Office/Cell): 443-470-1441/410-977-4708

 

Open Below For Full Terms & Conditions of Sale

Click Here For The Full Sale Terms In PDF Format


PLEASE NOTE
The information contained herein was obtained from sources deemed reliable, but is offered for informational purposes only. The Auctioneer, the Sellers, and their respective agents and representatives do not make any representations or warranties with respect to the accuracy of the information contained herein. Prospective purchasers are urged to make their own inspection.