ESP Petrochemicals, Inc. filed a motion in the US Bankruptcy Court for the sale of substantially all its assets on March 8, 2017. The debtor seeks the Court’s approval for the sale of substantially all its assets to Encore Chemical Solutions LLC, the proposed buyer for a purchase price of $2.62 million. The purchase price includes $1.75 million credit bid plus $0.14 million for investment banker fees plus assumption of ad valorem taxes of $0.07 million plus assumption of accounts lender of $0.31 million plus $0.30 million in cash plus assumption of Solstice Capital obligations in the amount of $0.11 million plus Payment or assumption of Ford Motor Finance Obligations in the amount of approximately $9,000.00.