PC is a dentist
Posted: Thu Oct 10, 2013 8:42 am
Desiree:
The trustee may take the accounts receivable, and may want to sell the other assets of the practice, chairs, drills, xray machine, but the trustee probably won't try to sell the practice. Why? Because the trustee cannot give the buyer a covenant not to compete with the current dentist. It is standard when selling this type of business to give a covenant not to compete. The trustee cannot tell the dentist that the dentist may not approach the patients to keep the patients, so it is unlikely there will be any buyers.
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Dennis McGoldrick, 350 S. Crenshaw Bl., #A207B, Torrance, Ca 90503 310-328-1001-voice
> On Oct 8, 2013, at 12:21 PM, "Desiree Causey" wrote:
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> She made many bad business investments. Had many judgments against her and small consumer debt. No equity in the house, good with the IRS (but who knows). She has a dental practice with a lease and leased equipment that she is behind on. The dental practice is really the only asset we are concerned with. How would the trustee value that business (goodwill, receivables, etc.) as she would mostly likely want to retain it.
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> Any thoughts?
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> Desiree Causey, Esq.
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> Law Office of Desiree Causey
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> 17011 Beach Blvd., Suite 900
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> Huntington Beach, CA 92647
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> causeylaw@gmail.com
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> 714-375-6663
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> 714-908-7646 (fax)
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causeylaw@gmail.com 714-375-6663714-908-7646 (fax)
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