Buying Celedon trailers?
Discussion in 'Experienced Truckers' Advice' started by Infosaur, Dec 26, 2019.
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The courts have dictated that all assets be sold to pay creditors by the end of January. Most likely they have a set amount for the trailers and if you pay cash you can have one but again track some Stuart Brown.ZVar Thanks this. -
Such a deal!
You'd think he'd advertise?
I wonder if he's flat rating them or is there negotiation on condition? -
I know people were joking about "using" or "borrowing" them, but it all belongs to the federal government (even retroactively in some cases) and they are very serious about disposing of the property and settling the creditors claims. -
ZVar Thanks this.
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I didn't realize it is chapter 11 reorganization... -
Well, when he said federal government, I thought he might have meant bankruptcy court. So I let it slide.
ZVar Thanks this. -
I’m not a lawyer but I have no idea how chapter 11 versus any other chapter would differ in who owns the assets.....either case it’s not the federal government.
Cabinover101 Thanks this. -
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When the title transfer comes in the listed seller will still be Celedon. The asset company is just a hired gun to connect the buyer and seller, while having the authority to set the price.TTNJ Thanks this.
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