November 17th , 2008
Any party that desires to propose a bid for the assets that are the subject of an auction must, at least two (2)business days prior to the auction, provide the Debtors with the following: (a) an executed assets purchase agreement and/or executed real estate contract in the form provided by the Debtors and which includes a redline with any changes from that form; (b) a cash deposit in the amount of $500,000.00 where the assets they are bidding on include real estate or a cash deposit in the amount of $250,000.00 where the assets being bid on do not include real estate; and (c) financial information demonstrating the bidder's ability to close the transaction. Additionally, where a party interested in bidding seeks to purchase the Chevrolet "franchise", that party must also immediately apply to General Motors to become a qualified owner/dealer-operator of a Chevrolet "franchise". The auction will be held at the office of Burr & Forman, 420 North 20th St., Suite 3400, Birmingham, Alabama. Phone 205-251-3000
Anyone interested in
becoming a qualified bidder should contact either Fred Caruso or Philip
Wright:
Fred Caruso: fcaruso@dsi.biz (312)
263-4141
Phillip Wright: pwright@billheard.com (706)
257-7972
Bid/Auction
Schedule:
Heard Sale Schedule
Sales Procedure
Order
Additional Information:
| Collierville | Real Estate Contract | PDF  DOC |
| Asset Purchase Agreement | PDF DOC |
|
| Huntsville | Real Estate Contract | PDF DOC |
| Asset Purchase Agreement | PDF DOC |
|
| Columbus | Real Estate Contract | PDF DOC |
| Asset Purchase Agreement | PDF DOC |
|