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About The DailyDAC Editors

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

Auction Advisors Conducts Article 9 Auction of Minority Membership Interests in Large-Scale Hightstown Development

NOTICE OF AUCTION ADVISORS PUBLIC AUCTION OF MEMBERSHIP INTERESTS UNDER ARTICLE 9 PLEASE TAKE NOTICE that on November 9, 2021 at 11:00 AM ET, Auction Advisors, as Auctioneer will, on behalf of Hightstown Enterprises, LLC, a New Jersey limited liability company (“Secured Party”), offer for sale at a public auction under the Uniform Commercial Code […]


PUBLIC NOTICE OF UCC SALE: 225 Deerpath Investors LLC

NOTICE OF PUBLIC SALE OF COLLATERAL PLEASE TAKE NOTICE that in accordance with applicable provisions of the Uniform Commercial Code as enacted in all applicable jurisdictions, LoanCore Capital Credit REIT LLC (“Secured Party”) will offer for sale, at public auction, all of 225 Deerpath Investors, LLC’s (“Debtor”) right, title and interest in and to (a) […]


90 Second Lessons: Working for a Struggling Business: Can this Car Be Turned Around?

Editor’s 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 Howard S. writes, I work for a company that is struggling and I’ve been offered a position at a competitor. I’d like to stay, but […]


PUBLIC NOTICE OF SALE: Modacentric Corporation

NOTICE OF PUBLIC SALE BY ORDER OF THE SECURED PARTY OF MODACENTRIC CORPORATION SALE OF ASSETS: Notice is hereby given that on October 26, 2021 at 2:00 p.m. CDT (the “Date of Sale”), via videoconference from the offices of the secured party, UNMEIII, Inc., an Illinois corporation (“Secured Party”) shall hold a public auction (“Auction”) […]


90 Second Lessons: Nothing in Life is Certain but Death and Taxes: Cancellation of Debt Income

Editor’s 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 Robin T. wrote in asking, I own a small retail chain that has been struggling. I hired a lawyer to negotiate with my creditors, and […]


PUBLIC NOTICE OF SALE: OptMed, Inc.

NOTICE OF PUBLIC SALE Of Certain Personal Property of OptMed, Inc., a Delaware corporation PLEASE TAKE NOTICE that on Wednesday, October 20, 2021, at 10:00 a.m. (ET), there will be sold at public sale (the “Sale”) conducted virtually via GoToMeeting, on the terms set forth below, all right, title, and interest of OptMed, Inc., a […]


90 Second Lessons: Virgin Lender, Virgin Land: When the Collateral is Dirt

Editor’s 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 Tom S. wrote in asking, I am a hard money lender and have loaned on all sorts of collateral, but I’ve never loaned on raw […]


PUBLIC NOTICE OF ARTICLE 9 SALE: Overwatch Digital Health

NOTICE OF PUBLIC SALE UNDER UNIFORM COMMERCIAL CODE ARTICLE 9 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 September 14, 2021, at 9:00 a.m. CDT or such later date as […]


90 Second Lessons: The Mindset of a Real Estate Workout Lender

Editor’s 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 Russell S. wrote in asking, “I have a real estate portfolio that consists of several commercial buildings, and my loans are badly in default. My […]


Golf course 363 sale

Not Necessarily Free and Clear: Purchasing Real Estate Property in a Section 363 Sale

Just Because a 363 Sale Says Free and Clear, Does Not Mean It’s True A bankruptcy debtor is offering commercial property in a section 363 sale. It is an attractive property and Lou is considering purchasing it. Lou has heard that a section 363(b) sale “cleans” the assets of all liens, claims, and encumbrances. However, […]


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