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Legal Notices: N.Y.A., Inc

Legal Notices: N.Y.A., INC., a California corporation, will conduct a public all-cash auction sale of assets in one lot to the highest bidder. The Company is a wholesale/retailer of ladies apparel and the assets being sold include: inventory (dresses, tops, and bottoms), A/R, and furniture, fixtures, equipment, its website domain name (www.newyorkersapparel.com), and other related items. Assets will be sold on an as-is, where is basis, with no warranties or representations except that there are no liens or encumbrances on the assets. The auction will take place on January 29, 2018 at 11:00 a.m. at Titan Offices located at 1055 West 7th Street, Los Angeles, CA, 90017 (33rd Floor). The minimum bid will be $1 million. Any bidder wishing to bid must bring to the auction and deposit with the escrow agent at the auction a cashier's check in the sum of $500,000 payable to N.Y.A., Inc. issued by a national or regional bank before the bidding begins. Any failure by the winning bidder to pay the balance of the winning bid within two business days of the auction will result in forfeiture of the $500,000 deposit. Any prospective bidder may receive certain financial information of the corporation and may also review the inventory to be sold at the corporation's facility in downtown Los Angeles, California, by sending an email to auction@nyaincorporated.com and signing a non-disclosure agreement.

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Posted:
1 week, 10 hours ago
Category:
Public & Legal Notices