Model Format of To All Creditors, Advanced Notice of Bulk Sale

Model Format of To All Creditors, Advanced Notice of Bulk Sale

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To All Creditors, Advanced Notice of Bulk Sale
To All Creditors, Advanced Notice of Bulk Sale

Pursuant to Section _ of the Code, _________ is about to make a
bulk transfer of property to ______. The business address of the SELLER is _________, ___. The business address of the BUYER is _________, ,
So far as is known to the BUYER, the SELLER has not used any business name and address other than the above for the last three years, except for:The debts of the SELLER are not to be paid in full as they come due, or it is unknown whether the debts of the SELLER will be paid as due. The property to be transferred is located at ______ ____,
, ______________, and comprises: all of the inventory of goods of the SELLER. The total of the SELLER’s debt is estimated to be Rs. _ ( ______
&/100 Rupees.) The list of all creditors and a schedule of the property to be transferred is may be inspected during regular business hours at ____________________________, ____________,
____. The transfer __ being made to pay existing debts: The transfer is for new consideration….

Note: This is just the part of the agreement. To get it drafted completely by legal experts, kindly contact the expert team of Aapka Consultant by clicking here

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