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About The DailyDAC Editors
The editors and editorial board of DailyDAC include preeminent restructuring and insolvency professionals, journalists, and editors. They are devoted to providing reliable and plain English education and deal intelligence about assignments, corporate bankruptcy, receiverships, out-of-court workouts and similar topics.
Articles by The DailyDAC Editors
90 Second Lesson: What is a UCC Article 9 Sale?
An Introduction to UCC Article 9 Question: What is it? Jack B. emailed, asking, “Please explain what an Article 9 sale is. My lawyer said that if I give a security interest to a lender, it can do an Article 9 sale. What is an Article 9 sale?” Answer: It’s a Creditor’s Remedy to Enforce […]
Public Notice of UCC Sale: LLC Interests for Sale I South London Holdings, LLC & Crotonville Holdings, LLC
NOTICE OF SECURED PARTY’S PUBLIC SALE OF COLLATERAL UNDER UNIFORM COMMERCIAL CODE PLEASE TAKE NOTICE that on Tuesday August 31, 2021 at 10:00 A.M. local New York time, IV – CVCF CS I Trust (“Secured Party”) will offer for sale at a public auction under Section 9-610 of the Uniform Commercial Code as enacted in […]
PUBLIC NOTICE OF SALE: Hesperus Peak, Inc & Blue’Spa, Inc.
IN THE UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF ILLINOIS – EASTERN DIVISION In re: HESPERUS PEAK, INC., et al., Debtors. Chapter 11 Case No. 20-11616 (Jointly Administered) Honorable Janet S. Baer NOTICE OF DATE AND TIME FOR THE SUBMISSION OF OFFERS TO PURCHASE DEBTORS’ ASSETS AND BID PROCEDURES Hesperus Peak, Inc. & Blue’Spa, Inc., […]
PUBLIC NOTICE OF ARTICLE 9 SALE: Overwatch Technologies, Inc.
NOTICE OF PUBLIC SALE UNDER UNIFORM COMMERCIAL CODE ARTICLE 9 OF ASSETS OF OVERWATCH TECHNOLOGIES, INC. 1. Executive Summary: Clive Barrett in his capacity as trustee under certain loan documents (the “Trustee”) will conduct, through his counsel acting as its agent, Parkins Lee & Rubio LLP (the “Agent”), on August 17, 2021, at 11:00 a.m. […]
PUBLIC NOTICE OF ARTICLE 9 SALE: Incipio, LLC and Related Entities
PUBLIC NOTICE OF UCC ARTICLE 9 SALE OF ASSETS OF INCIPIO, LLC AND RELATED ENTITIES NOTICE IS HEREBY GIVEN that at 10:00 a.m. (Central Time) on July 26, 2021, Monroe Capital Management Advisors, LLC, as administrative agent for the lenders party thereto from time to time (collectively, the “Term Loan Lenders”), in such capacity and […]
90 Second Lesson: Stalking Horse Bid, Yay or Neigh?
The Pros and Cons of a Stalking Horse Bid Question: Why Be A Stalking Horse Bidder? A stalking horse bid is an initial bid on a distressed company’s assets made by an interested party that the bankrupt company (debtor) chooses to participate in a 363 sale. The stalking horse bidder agrees to purchase the specific […]
PUBLIC NOTICE OF UCC SALE: JP Internet Ventures, LLC
PUBLIC NOTICE OF UCC SALE: JP INTERNET VENTURES, LLC NOTICE IS HEREBY GIVEN, that pursuant to Section 9-610 of the Uniform Commercial Code (the “UCC”), as adopted in the State of Illinois and any other applicable jurisdictions, and any other applicable law, NuMed Partners, LLC (the “Secured Party”) will offer for sale to the public […]
PUBLIC NOTICE OF AUCTION: Antenna International (US), LLC
AUCTION OF ASSETS OF ANTENNA INTERNATIONAL (US), LLC 1. Offer Deadline. July 14, 2021 at 5:00 pm Pacific Time. 2. NDA Deadline. July 6, 2021 3. Background. Provider of audio and multimedia guide services. The company specializes in the production and delivery of educational content such as audio tours, mobile apps, multimedia guides, podcasts, interactives […]
PUBLIC NOTICE OF SALE: Bouchard Transportation Co.
IN THE UNITED STATES BANKRUPTCY COURT FOR THE SOUTHERN DISTRICT OF TEXAS HOUSTON DIVISION In re: BOUCHARD TRANSPORTATION CO., INC., et al.,1 Debtors. Chapter 11 Case No. 20-34682 (DRJ) (Jointly Administered) Notice of Auction for the Sale of the Debtors’ Assets FREE AND CLEAR OF ANY AND ALL CLAIMS, INTERESTS, AND ENCUMBRANCES PLEASE TAKE NOTICE […]
PUBLIC NOTICE OF AUCTION: Real Property in Alabama, Georgia and Mississippi
Auction Showcase: Bank Owned Properties Across Alabama, Georgia and Mississippi! BANK OWNED & PRIVATE EQUITY GROUP PROPERTIES: Seven Hills Auctions is pleased to offer properties across Alabama, Georgia and Mississippi. This auction includes commercial buildings, commercial land, bulk homesite packages, large acreage tracts, bank branch, religious facility, a restaurant and more. Selling by order of […]