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Asset Buyer of Bankrupt Film Company Acquired Production Agreement Free of Pre-Closing Liabilities

Court holds that the production agreement was a non-executory contract because the producer’s post-closing obligations were not material. M&A Stories August 25, 2021 Introduction A buyer of a distressed business out of bankruptcy faces rules not found outside of bankruptcy.

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

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