October 23, 2017 1:04 AM ET

Diversified Financial Services

Company Overview of Fair Finance Company

Company Overview

Fair Finance Company, doing business as Fair Financial Services, provides contract factoring and accounts receivable management services. The company was founded in 1934 and is based in Akron, Ohio. Fair Finance Company operates as a subsidiary of Fair Holdings, Inc. On February 8, 2010, an involuntary petition for liquidation under Chapter 7 was filed against Fair Finance Company in the US Bankruptcy Court for the Northern District of Ohio, Akron. On March 2, 2010, the involuntary petition was approved by the Court.

815 East Market Street

Akron, OH 44305

United States

Founded in 1934

Phone:

330-376-8171

Fax:

330-376-2527

Key Executives for Fair Finance Company

Co-Owner
Age: 62
Chief Financial Officer
Age: 53
Compensation as of Fiscal Year 2017.

Fair Finance Company Key Developments

Motion for Asset Sale Approved for Fair Finance Company

The US Bankruptcy Court gave an order approving the sale of certain assets of Fair Finance Company on August 18, 2017. The debtor has been authorized to sell its certain assets to Rowland Stone Media LLC for a purchase price of $0.15 million in cash. The debtor will also receive 3% of the budget costs of the film in excess of $0.15 million, the first $0.25 million in certain revenue or tax credit investments from the film, 7.5% of the Defined Proceeds of the film on the same basis as other participating persons that share revenues derived from the film, and certain other customary contingent payments from any future TV series’, spin-offs and ancillary projects. The debtor’s asset includes a film script.

Motion for Asset Sale Approved for Fair Finance Company

The US Bankruptcy Court gave an order approving the sale of certain assets of Fair Finance Company on May 12, 2017. The trustee has been authorized to sell the stock in National Lampoon held by the estate, to one of National Lampoon’s existing stockholders, for a purchase price of $0.75.

Motion for Asset Sale Filed by Fair Finance Company

The trustee filed a motion in the US Bankruptcy Court seeking approval for the sale of certain assets of Fair Finance Company on May 3, 2017. The trustee seeks the court’s approval for the sale of stock in National Lampoon held by the estate, to one of National Lampoon’s existing stockholders, for a purchase price of $0.75.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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