What is bulk transfer?
Bulk Transfer. A sale of all or most of the materials, supplies, merchandise, or other inventory of a business at one time that is not normally done in the ordinary course of the seller's business. Bulk transfers, commonly called bulk sales, have, in the past, been governed by individual state laws, generally called Bulk Sales Acts, ...
Is bulk transfer a secured transaction?
Depending upon the jurisdiction, the buyer may become personally liable to the seller's creditors up to the value of the assets purchased or the property sold may be levied upon by the creditors for the outstanding debts. A bulk transfer is not the same as a secured transaction. West's Encyclopedia of American Law, edition 2.
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