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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 to Auction Assets of Travel Light, Inc d/b/a G-RO on Behalf of Assignee

Auction Advisors to auction the Intellectual Property, Inventory & Other Assets of Innovative Luggage Manufacturer “Travel Light” d/b/a “G-RO” in an ABC. In RE: Assignment for the Benefit of Creditors of Travel Light, Inc. in the Court of Chancery for the State of Delaware, commencing case number 2020-0429-PAF. Qualifying Bids and Deposits Due November 4, […]

Public Notice of Assignee Auction: M-Wave International, LLC and M-Wave Music Products, LLC

TRUSTEE/ASSIGNEE AUCTION OF THE ASSETS OF M-WAVE INTERNATIONAL, LLC AND M-WAVE MUSIC PRODUCTS, LLC Sale of Property: On October 23, 2020 at 10:00 a.m. at the offices of Commercial Recovery Associates, LLC, located at 205 West Wacker Drive, Suite 918, Chicago, IL 60606, Robert Handler (the “Trustee/Assignee”), not in his individual capacity but solely as […]

Public Notice of Company Sale: Project Lido and Project Pesce

Lido, a leading distributor of food products to cruise lines, is considering a full sale of the Company, sale of a majority equity stake in the Company, or a sale of one of the Company’s segments.


American Heritage Billiards, a leading seller and distributor of billiard tables, is selling off inventory and IP in a receivership sale on October 14, 2020.

Congratulations to Financial Poise Faculty Member, Tom Salerno

Faculty Member Thomas Salerno was part of the team that took Advanced Green Innovations through Chapter 11 restructuring and recapitalization in 10 months.


Trams International, Los Angeles is for Sale. Opportunity for next generation developers of commercial vehicles The company is a vertically integrated design and manufacturing firm, that has been an innovator in the medium and heavy-duty vehicle space for over 30 years. They have extensive experience conceptualizing, designing and building, electric and conventionally powered commercial vehicles. […]

Buying a distressed business

90 Second Lesson: First Step Before Buying a Distressed Business

How Types of Sales Affect the Purchase of a Distressed Business   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 What is the first integral decision a buyer must make […]


NOTICE OF PUBLIC DISPOSITION OF COLLATERAL UNDER UNIFORM COMMERCIAL CODE 1. Executive Summary. This is notice of the intention to offer to sell, or cause to be sold, at a public sale conducted in accordance with Article 9 of the Uniform Commercial Code, as enacted in all applicable jurisdictions (“UCC“), and of the invitation to […]

PUBLIC NOTICE OF ARTICLE 9 SALE: Gemcap Lending I, LLC and GC Acquisition I, LLC

NOTICE OF PUBLIC UCC ARTICLE 9 FORECLOSURE AUCTION Certain Loans and Other Personal Property of GEMCAP LENDING I, LLC and/or GC ACQUISITION I, LLC PLEASE TAKE NOTICE that on August 14, 2020, at 11:00 a.m., Dallas, Texas time, a public sale shall be conducted of the personal property, whether previously, now, or hereafter constituting the […]

PUBLIC NOTICE OF CHAPTER 11 SALE: Import Specialties Incorporated d/b/a Heartland America

Public Notice of Chapter 11 Sale: Direct to Consumer Catalog and E-Commerce Retailer, Import Specialties Incorporated d/b/a Heartland America Catalog and E-Commerce Company, Import Specialties Incorporated d/b/a Heartland America (the “Company”), entered Chapter 11 bankruptcy (filed August 2019) protection and ownership is looking to complete an accelerated transaction. Established in 1985, the Company serves customers […]

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