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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 CHAPTER 7 SALE: Fashion Fair Beauty Brand
Fashion Fair Beauty Brand, Founded by Publishers of Ebony and Jet Magazines, For Sale Hilco Streambank is marketing for sale the Fashion Fair beauty brand and related assets, including trademarks, the FashionFair.com domain name, and social media assets. Details about the opportunity can be found below and here. The sale is being conducted by Miriam […]
The Opportunistic Deal Database Provides Unique Opportunities for Investors
If you are an investor in distressed assets, you know that uncovering great deals takes a lot of work. There are times you’ve probably wished there was a way to find all the deals in one place. Well wish no more, DailyDAC has your back. DailyDAC’s Opportunistic Deal Database (“ODD”) collects information about opportunities to […]
PUBLIC NOTICE OF CHAPTER 7 AUCTION: Full-Service Car Wash/Express Lube Facility
Notice of Chapter 7 Bankruptcy Auction of a Full-Service Car Wash/Express Lube Facility Chapter 7 Trustee Kimberly Husted announces the September 25th auction of Yujin, LLC, owner of the Real Property. Fixtures and business operating currently as the Sundance Car Wash in Woodland, California are included in the sale. The offering includes the car wash, […]
90 Second Lesson: What will your lender do if you default on a commercial loan?
QUESTION: Scott T, emailed, asking, “I have a client who owns a few income-producing properties and she thinks she may not be able to make her next mortgage payments to her lender. What should I tell her to expect?” ANSWER: Once a loan default occurs or is looming, a proactive mortgage lender should be expected […]
PUBLIC NOTICE OF ARTICLE 9 SALE: Lifeprint Products, Inc.
NOTICE IS HEREBY GIVEN that on September 19, 2019 at 11:00 a.m. CDT (the “Date of Sale“) in the offices of Bryan Cave Leighton Paisner LLP, 161 North Clark Street, Suite 4300, Chicago, Illinois, P2Binvestor Incorporated (“Lender“), pursuant to Section 9-610 of the Uniform Commercial Code, as adopted under applicable law, and under the following […]
PUBLIC NOTICE OF ASSIGNEE’S AUCTION OF ASSETS: S&K Air Power Leasing Inc.
AUCTION OF THE ASSETS OF S&K ACQUISITION CORP. AND S&K AIR POWER LEASING INC. Sale of Property: On September 18, 2019 at 10:00 a.m. at the offices of Commercial Recovery Associates, LLC, located at 205 West Wacker Drive, Suite 1818, Chicago, IL 60606, Robert Handler (the “Trustee/Assignee”), as Trustee/Assignee for the Benefit of Creditors of […]
PUBLIC NOTICE OF UCC ARTICLE 9 AUCTION: The Credit Junction Holdings, Inc.
Notice of UCC Article 9 Foreclosure Auction of Commercial Loans & Intellectual Property PLEASE TAKE NOTICE that on September 10, 2019, at 11:00 a.m., New York City, New York time, at the offices of Holland & Knight LLP, 31 West 52nd Street, 12th Floor, New York, NY 10019, a public sale shall be conducted of […]
When a Seller of Real Property Files for Bankruptcy Before Closing
What are the purchaser’s rights under an executory contract? Sven, of St. Paul, related to us this sad but musical tale, which pertains to purchasing real estate where the seller goes bankrupt before closing: You see, she and I entered into a written contract to buy a piece of land with a small house on […]
90 Second Lesson: What is an “Exchange Offer?”
QUESTION: Fred T. emailed, asking, “I own securities of a company and heard on the news that it is contemplating doing an “exchange offer.” What is an exchange offer? ANSWER: An exchange offer is one way a company can complete an out-of-court restructuring. And, for a distressed company that has public debt it may […]
PUBLIC NOTICE OF ARTICLE 9 SALE: Spring Marketplace, Inc.
PUBLIC SALE UNDER ARTICLE 9 OF THE UCC OF COLLATERAL ASSETS INVOLVING SPRING MARKETPLACE, INC Certain assets of Spring Marketplace, Inc. (the “Company”) described below (the “Assets”) are to be auctioned at a public sale under UCC Article 9 by the secured lender Hoban Road Ventures LLC. The Assets consist of substantially all of the […]