In a bulk transfer, an auctioneer must notify all creditors how many days before the sale?

In a bulk transfer, the law requires that an auctioneer notify all creditors at least 10 days before the sale takes place. This notification period is important as it ensures that all creditors are given adequate time to be informed about the pending sale of assets. This requirement helps protect the rights of creditors who may have claims against the seller, allowing them an opportunity to respond or act before the sale occurs. The 10-day notice also supports fairness in the auction process, ensuring all interested parties are aware of significant transactions that might affect their financial interests. This period is a standard practice in many jurisdictions to maintain transparency and protect the interests of those who may be impacted by the bulk transfer.