The Original Soupman, Inc. filed a motion in the US Bankruptcy Court for the sale of substantially all its assets on June 23, 2017. The debtor seeks the Court’s approval for the sale of substantially all its assets to the highest bidder. Each qualified bidder must make a good faith deposit of 10% of the proposed purchase price. To qualify as a qualified bidder, interested parties should submit their bids by August 24, 2017. The debtor has scheduled an auction on August 28, 2017. At the auction, the subsequent bids would be in increments of $0.03 million. The stalking horse bidder would be entitled to a break-up fee of 3% of the purchase price and expense reimbursement of $0.03 million in case of termination of the asset purchase agreement. The sale hearing is scheduled for September 6, 2017.