Listing is Active Effective 01/25/2017

Estate’s Interests in Debtors’ Music Publishing Intellectual Property

Estate’s interests in Debtors’ music publishing intellectual property and the Estate’s interests in and to (i) any and all future royalty payments and payments of any kind paid after August 29, 2016, no matter when earned; (ii) audit rights and copyright infringement rights; (iii) any and all contract rights and claims, if any, arising out of the intellectual property, including, but not limited to all musical compositions, works and songs.

Trustee

David Seror

Method of Sale

Offer Subject to Overbid

Auction

 

Sale Description

The Trustee proposes to sell the estate’s interest in the property to the proposed Buyer free and clear of all liens, claims, interests and encumbrances pursuant to sections 363(b), (f), and (m) of the United States Bankruptcy Code for a purchase price of $37,999.69. Potential purchasers seeking to submit an overbid must submit offers to counsel to the Trustee no later than 5:00 p.m. (Pacific Time) on February 20, 2017 pursuant to the Sale procedures described in the Motion. Initial overbid is $40,000, subsequent overbid increments $2,500. To be qualified overbidders, potential overbidders must submit to the Trustee a deposit amount of $40,000 by February 20, 2017.

Hearing Information

March 1, 2017 at 11:00 a.m. before the
Honorable Martin R. Barash
Courtroom 303
21041 Burbank Blvd.
Woodland Hills, CA 91367

Contact Information

David Seror
Chapter 7 Trustee
21650 Oxnard Street, Suite 500
Woodland Hills, CA 91367
Telephone:  818-827-9000
Facsimile:  818-827-9099
Email:  dseror@bg.law

Case Details

Case Name:  In re RANDY LEON SHARP and SHARON ARLENE BAYS

Case Number:  1:16-bk-12517-MB