Loeb Winternitz Industrial Auctioneers reported on Friday the completion of the bulk sale
of the assets located at Harris Silver & Sons Inc to Alter Trading Corporation, headquartered in St.
The Department of Taxation and Finance's (DTF) bulk sale
notification requirements provide the acquirer with options that may alleviate successor liability for these taxes.
Expenses are much higher in a sell-through model versus a bulk sale
, because of the costs associated with running the sale for a longer period.
The risk of a transferee running off with the bulk sale
proceeds leaving creditors high and dry has been greatly reduced.
There is precedent in the federal tax area for treating a bulk sale
of inventory as other than income in the ordinary course of business.
Houlihan-Pames Realtors has sold 50 unsold co-operative apartments in a bulk sale
of Youngstown, Ohio holding has completed the bulk sale
of a substantial amount of the bank's troubled loans, along with other assets, to an unrelated party.
In a private letter ruling released January 14, 2011, the IRS allowed a bulk sale
exception to the retailer exclusion, allowing an oil and gas company to claim percentage depletion.
Prodigy Capital Investments, led by principal Rodrigo Nino, has turned a nearly 33 percent profit on a downtown Miami bulk sale
from 10 months ago.
The three Italian companies had already forged an alliance at the end of 1999 on the bulk sale
of energy, indicating at the time that they were open to advances from other associates.