Blog Archives

BUYER ACQUIRES BANKRUPT FILM COMPANY’S PRODUCTION AGREEMENT WITHOUT PRE-CLOSING LIABILITIES

The buyer was not responsible for the production agreement’s pre-closing liabilities because it was a non-executory contract. M&A Stories August 25, 2021 Introduction: When a buyer purchases a distressed business out of bankruptcy, there are specific rules that apply, especially

Posted in bankruptcy sale, buying distribution business, distressed business acquisitions, executory contracts, Section 363 sale Tagged with: , , , , , , , , ,

Seller of pressure washer business had to go an extra mile to recover unpaid purchase price from buyer

For thirty-two years, Seller owned and operated Midwest Cleaning Systems, a northeast Iowa business that sold and serviced pressure washers and cleaning equipment. For the last thirty years, the business sold and serviced Alkota brand equipment. When Seller decided to

Posted in buying distribution business, due diligence, securing deferred purchase price, security agreement

Recent Comments

Categories