Item Id: Bennett02
Case Name: Bennett, James L
Case Number: 12 60642
Trustee:
Starting Minimum Bid: $100
Description: Estate’s interest in a Promissory Note in the amount of $50,000 in favor of the Bankruptcy Trustee for James L. Bennett BK Estate, Case No. 12-60642. Through the terms of the Promissory Note agreement by and between the Note Holder (Bankruptcy Trustee) and Brookside Inn, Inc. of White Plans, Oregon, Brookside Inn, Inc. promises to pay the Note Holder the sum of $50,000 with no interest thereon until November 15, 2016, payable in monthly installments of not less than $500. After November 15, 2016 any principal balance remaining owed under this note shall bear interest at the rate of 8% per annum of said date until paid.
The monthly payments described in the note have been timely paid to date which has been Thirteen (13) payments of $500 to equal $6,500 (UPDATED 8/4/14).
Location Info: See link for Promissory Note here. copy of Prom Note
. Trustee will provide last known address of Brookside Inn, Inc., as of April 2014 to highest bidder, and any other information he is legally able to disclose.
Liens: We do not know of any other liens.
*Picture is of general area, not representative of actual property.*
Bidding Guide: Please review the bkassets.com bidding guide for terms of auction prior to placing a bid or making an offer..