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By Order Of:
Complete Closure of Casual and Youth Furniture Manufacturer
(HARB1206)


By Order of Michael J. Eber, Assignee for the Benefit of Creditors of
IBR Corporation, d/b/a Harbortown
Sale#: [HARB1206]

Complete Closure of Casual and Youth Furniture Manufacturer
Sale Details Links Documents (PDF)
Sale Type
Webcast & On-Location Auction

Date & Time
1-Day, Tues Dec 12, 2006 at 10am Central Time [11am Eastern]

Sale Location
Chicago, IL USA

Equipment Location(s)
Chicago, IL


Absentee (Proxy) Bidder Form

Highlights

  • United Automatic Tufting Machine Model Shinx CNC 4 Head Vertical Wood/Aluminum Router w/ 8'x50" table
  • LT s/n 62
  • Untited Automatic Tufting Machine Model LT s/n 615
  • Ormant Model PB002 Shredder & Blower
  • Air Compressors
  • Several Fork Lifts
  • Several Pallet Jacks
  • Industrial Pallet Racking
  • Tables Saws
  • Huge Qty of Hand Tools
  • Several Singer Model 300-w102, 300-w103 & 300-w104 Sewing Machines
  • Several Singer Model 241-13, 241-12 & 341L Sewing Machines
  • Several Consew Model 227R Sewing Machines
  • Several Juki Model LS1341 Sewing Machines
  • Several Brother Model LK3-B430-4 Sewing Machines
  • Several Union Special Model 1400C Sewing Machines
  • Qty 50 - Pneumatic Staplers
  • Barcode Reader System
  • Qty 5 - 2003 Fairway Electric Personal Carriers
  • Precision 100hp 36" Grinder w/ Conveyor
  • Accordian Style Portable Skate Conveyors
  • Several Pedestal Type Shop Fans
  • Six Port Fill with Bulk Hopper System
  • Bulk Media Hopper, Dust Collector, Bag Fill Unit
  • Kronos Time/Job System
  • Office Furniture
  • Computers / Printers / Fax Machines
Inventory:
  • Hundreds of Finished goods including Bean Bag Chairs, Computer Work Stations, Futon Couches, Ottomans, Recliners, Mattresses, Hassocks, etc....
  • Raw Material:
  • Hundreds of rolls of Fabric, Bean Bag Skins, Foam inserts, etc....

Sale Details

Tuesday, December 12, 2006 at 10am (Central) [11am Eastern]
Absentee (Proxy) Bids & Accounting Contact: Laurie Leach, 203-488-7020
Equipment & Preview Contact: Dean DeLuca, 203-483-2226

Equipment Location Details

Chicago, IL
Lot #s: TBD
Address: 4800 W Roosevelt Rd; Chicago, IL 60644
Sales Tax/ VAT: 9%
Inspection/ Preview: Day before & morning of the sale from 9am to 4pm (Local Time).
Removal: All items must be removed by December 20.

Sale-Specific Shipping & Logistics

Local Service Providers*

Rigging:
MTI Worldwide Logistics. 6308 Benjamin Road, Tampa FL 33634. Phone:813-880-8878 Fax:813-880-8869 Cell:813-943-6195 Email:Mark.Perez@MTI-Worldwide.com Web Site:www.mti-worldwide.com

*The Branford Group does not pack, ship, store, crate or rig items. Buyers may either pick up their items at the designated auction site personally or can arrange for a third party logistics firm to manage the removal process for them. If someone other than the registered buyer at the sale is designated to pick up those purchased assets, the buyer must: 1) Contract with an independent logistics firm or other representative who will dismantle, crate, pack, or ship your purchased items. 2) Coordinate the removal of those purchased items to meet the time deadlines indicated on this page. 3) Submit an "Agent Release Authorization" form which will allow The Branford Group to release items to a third party contractor for shipping, crating or packing purposes. *The Branford Group finds and displays one or more local logistics service providers who understand our removal process, offer specific services, and have certain skills and capacities. We offer this service to you without representations or warranties of any kind whatsoever.

Sale-Specific Terms Summary

Payment Deadline: Within one business day after invoice date.
Currency: US Dollars.
Language: English.
Registration Requirements: Open to the public. Free to bid onsite or via proxy form. All bidders must provide their name, company (if applicable), mailing address and phone number prior to the auction. When applicable, Electronic bidders are required to provide a valid email address and Visa, American Express or Mastercard number. At its discretion, TBG may charge a registration fee for Electronic bidding. This fee will be clearly displayed during the registration process.
Deposit: TBG requires a deposit of not less than twenty five percent (25%) of the Buyer's TOTAL PURCHASE PRICE by the end of sale day - with the balance due by the end of the next business day. This can be in the form of cash, a cashiers check, or business check with a bank letter of guarantee. For Electronic bidders, at its discretion, TBG may contact bidders via email or telephone before or during the sale to provide a bank letter of guarantee or wire transfer as a deposit. If TBG does not receive a response from its attempts to contact Buyer or if the Buyer does not provide a deposit, TBG reserves the right to refuse or cancel Buyer's bids and re-sell Goods.
Buyer's Premium: NOTE: This has recently changed.
12.5% of the purchase price for onsite buyers and 15% for webcast bidders.
Sales Tax: See each location for specific percentage. All applicable state sales taxes apply. It is the responsibility of the Buyer to provide documentation necessary for exemption or refund of sales tax paid.
Invoices & Payment Instructions: Winning bidders can request a printed paper invoice from the Accounting Manager at the sale location during or after the sale. Electronic bidders will be sent an electronic invoice (usually by the morning after the completion of the sale) to the email address provided during registration. Invoices can be faxed upon request. Detailed payment instructions for each sale are available in the printed lot catalog at the sale location on the day of the sale. Electronic bidders will be sent detailed payment instructions via email along with their invoice.
Payment Conditions: All payments must be in Cash (at the sale location, when available), Cashier's or Certified Check, Federal Wire Transfer of immediately available funds or a Corporate Check accompanied with a bank letter of guarantee. CREDIT CARDS ARE NOT ACCEPTED AS PAYMENT TOWARDS INVOICES. Credit cards are accepted only for Electronic bidding registration and for Liquidated Damages in the event of a default. Without limiting TBG's discretion, no corporate checks without a bank guarantee and no personal checks will be accepted. No title shall pass to Buyer until the total purchase price and all Taxes have been paid to TBG in collected funds.
Removal, Shipping & Logistics: The buyer (or a third party Authorized Agent contracted by the buyer) is responsible for removal of equipment by the posted Removal Date.

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