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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: 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 […]
PUBLIC NOTICE OF ARTICLE 9 SALE: EFSWW, LLC, EFreight, LLC, et al.
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 […]
90 Second Lesson: Selling Collateral in a 363 Sale vs Article 9 Sale
Why a Secured Creditor May Push to Sell Collateral Outside of Bankruptcy 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: An investment banker recently wrote in, saying: “I am currently […]
PUBLIC NOTICE OF ARTICLE 9 SALE: Very Fine Motels, Inc.
NOTICE OF UCC COLLATERAL SALE The undersigned, ADVANTAGEOUS EQUITIES, L.L.C. (the “Seller”) has been engaged as special agent on behalf of PENDER EAST CREDIT 1 REIT, L.L.C. (the “Lender”), with respect to Lender’s rights and interests in various items of tangible personal property as described in paragraph “(f)” on pages 4 and 5 of a […]
PUBLIC NOTICE OF ARTICLE 9 SALE: Cleanlight Power+Energy, Mt. Laurel
NOTICE OF PUBLIC SALE UNDER UCC 1. WUNDER CAPITAL V, LLC (“Secured Party”), to enforce its rights against CLEANLIGHT POWER+ENERGY, MT. LAUREL, LLC, a Delaware limited liability company (“Borrower”), will offer for sale at public auction its Collateral, as that term is defined below. 2. The public auction will take place on July 31, 2020, […]
PUBLIC NOTICE OF SECURED PARTY PUBLIC AUCTION: Coastal Development, LLC
NOTICE OF SECURED PARTY PUBLIC AUCTION NOTICE IS HEREBY GIVEN that SFIV SS-1, LLC (“Secured Party”) will offer for sale at public auction the following property: The Class B Equity Interests owned by Coastal Development, LLC (“Debtor”) in STOF Revenue Stream Holdco LLC, which the Secured Party understands and believes (but makes no representation or […]
90 Second Lesson: Deciphering California Receiverships
Understanding California Receiverships Through California CCP 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: Jeffrey B. asks: Wwhere is a good starting place to understand California receiverships? Let’s address these […]
PUBLIC NOTICE OF ARTICLE 9 SALE: Blitz Energy Services, LLC
NOTICE OF PUBLIC UCC ARTICLE 9 FORECLOSURE AUCTION Accounts Receivable and Other Personal Property of Blitz Energy Services, LLC PLEASE TAKE NOTICE that on July 24, 2020, at 11:00 a.m., Dallas, Texas time, a public sale shall be conducted of the accounts receivable and certain other personal property previously, now or hereafter, securing the obligations […]