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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
PUBLIC NOTICE OF ABC ASSET SALE: Lake Street Landscape Supply, LLC
PUBLIC NOTICE OF ASSET SALE: Lake Street Landscape Supply, LLC – June 2nd-12th Matthew Brash of Newpoint Advisors Corporation, not individually, but solely as assignee (“Assignee”) for the benefit of creditors of Lake Street Landscape Supply, LLC (“Lake Street”), a sustainable landscape materials, supplies, tools and machinery company, announces the public sale of Lake Street’s […]
PUBLIC NOTICE OF ABC SALE: Nationally Branded Destination Management Company
Notice of Asset Sale By order of Assignee for the Benefit of Creditors Insolvency Services Group, Inc. This nationally branded destination management company (name confidential, hereafter “DMC”) was a leading, rapidly growing, nationally branded destination services management company that planned and organized over 1,700 events, corporate meetings and excursions annually for a variety of high-profile […]
PUBLIC NOTICE: Keen-Summit Capital Partners LLC Hires Jennifer Meyerowitz
ATLANTA (June 1, 2020) – Keen-Summit Capital Partners LLC (Keen-Summit) is pleased to announce the expansion of its presence in the Southeast with the formal addition of Jennifer Meyerowitz to Keen-Summit’s team. Ms. Meyerowitz, a senior bankruptcy, turnaround and restructuring professional, will be based in the firm’s Atlanta office. Ms. Meyerowitz brings Keen-Summit over 20 […]
90 Second Lesson: Receivership vs Bankruptcy
The Benefits and Downsides of the Receivership Process [Editors’ Note: this is part of our irregular series in which we answer readers’ questions. If you have a question, submit it to [email protected] and we will try to answer it.] QUESTION: Do secured creditors benefit more from a debtor’s bankruptcy or federal court receivership? ANSWER: […]
PUBLIC NOTICE OF 363 SALE: Massachusetts Coastal Railroad LLC
AUCTION SALE OF MASSACHUSETTS COASTAL RAILROAD LLC NOTICE IS HEREBY GIVEN that William A. Brandt, Jr. of Development Specialists, Inc. (“DSI”), as chapter 11 Trustee of San Luis & Rio Grande Railroad, Inc. (“SLRG”) is selling SLRG’s 100% Membership Interest in its wholly-owned subsidiary Massachusetts Coastal Railroad LLC (“Mass Coastal”), a 99-mile short line railroad […]
90 Second Lesson: I’ve Been Asked to Sign an Involuntary Bankruptcy Petition. Should I?
The Advantages and Disadvantages of an Involuntary Petition QUESTION: The credit manager of an Akron-based company asks: “One of our commercial accounts is pretty far behind in paying on our invoices. Another vendor approached me and asked me to join in signing an involuntary bankruptcy petition. Is there any legal risk in doing this?” […]
PUBLIC NOTICE OF SECURED PARTY PUBLIC AUCTION: Alex Toys and Poof Slinky
Notice of secured party sale of substantially all the assets of iconic toy brands, Alex Toys, LLC and Poof Slinky, LLC, to be held May 12th at the Ellenoff Grossman & Schole LLP.
PUBLIC NOTICE OF SALE OF ASSETS: Calumet Abrasives Co.
NOTICE OF PUBLIC SALE ON MAY 13TH ASSETS OF CALUMET ABRASIVES CO., INC. 1. What is for sale? Certain items of machinery and equipment belonging to Debtor (defined below) and used in the manufacture of industrial abrasive cutting and grinding products (the “Collateral”). The Collateral includes, without limitation, molding presses, mixing equipment, testing equipment and […]
90 Second Lesson: What Is a Composition Agreement?
How a Composition Agreement Can Be an Alternative to Chapter 11 QUESTION: John B asks: What is a composition agreement? ANSWER: A composition agreement is an out-of-court contract between a debtor and multiple creditors providing for the reduction or delay in payment of amounts owed by the debtor to the creditors entering into the […]
PUBLIC NOTICE OF AUCTION: Specialized Hemp CBD Equipment
One Day Auction: Large-Scale, Specialized Hemp CBD Equipment Sale Unique opportunity to purchase like-new, state of the art equipment required for all facets of hemp cannabidiol (“CBD”) farming, drying, and extraction: Proprietary Engineering Designs & State of the Art Equipment Drying Facility: designed and built as solid-state radio frequency (RF) technology, capable of drying 60,000 […]