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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 UCC SALE: Assets of Lippmann Enterprises, LLC
NOTICE OF PUBLIC SALE Pursuant to the provisions of the Uniform Commercial Code, as enacted in Delaware (6 Del. Code §9-610), and pursuant to the terms and provisions set forth below and as are contained in that certain Guaranty and Collateral Agreement dated as of December 7, 2018, Serene Investment Management, LLC will sell the […]
PUBLIC NOTICE OF ABC SALE: Photo4Less, Inc.
NOTICE OF SALE IN NEW JERSEY ABCs PLEASE TAKE NOTICE that on February 28, 2023 at 10 am ET, Stephen B. Ravin, Esq., Assignee for the Benefit of Creditors of Photo4Less, Inc. (www.photo4less.com) and Photo Park of Brooklyn, Inc.(www.photoparkstore.com), (“Assignors”) shall move before the Superior Court of New Jersey, Middlesex County, Chancery Division, Probate Part, […]
90-Second Lesson: Can a Borrower File for Bankruptcy to Stop Foreclosure?
Explore whether a debtor can file chapter 11 reorganization bankruptcy to evade a court-ordered receivership.
PUBLIC NOTICE OF BANKRUPTCY AUCTION: 1,239 Acres In Central Texas
NOTICE OF BANKRUPTCY AUCTION OF 1,239 ACRES IN CENTRAL TEXAS BID DEADLINE IS MARCH 2ND Executive Summary. A 1,239-acre parcel located in Bosque County, Texas (the “Property”) is being offered for sale. The Property (i) produces income from the month-to-month lease of land for cattle grazing and (ii) is subject to a long-term ground lease […]
Commercial Receivers Association Appoints Two New Board Members– Emily Cantwell and John Cruciani
Commercial Receivers Association Continues to Grow its Presence with the Appointment of Two New Board Members– Emily Cantwell and John Cruciani (ST. LOUIS, MO) January 10th, 2023 – The Commercial Receivers Association (CRA) is proud to continue to grow its national presence with the appointment of two board members. Having seen incredible national growth over […]
90-Second Lesson: Personal Chapter 7 Bankruptcy Petition, Are Single-Member LLC Assets Safe from the Trustee?
LLCs protect individuals from company liabilities, but a Chapter 7 Bankruptcy Trustee can reach assets to satisfy individual obligations.
90-Second Lesson: You Default on a Commercial Loan, What Happens Next?
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 default on a commercial loan is looming or occurs, a proactive mortgage lender […]
When a Seller of Real Property Files for Bankruptcy Before Closing
Purchaser’s Rights Under an Executory Contract Sven, of St. Paul related this sad but musical tale to us, which pertains to purchasing real estate where the seller files for bankruptcy before closing: You see, she and I entered into a written contract to buy a piece of land near St. Paul with a small house […]
Strategic Filing: Chapter 11 Bankruptcy for Litigation Advantage?
It Depends on the Facts Debtors often use Chapter 11 bankruptcy for litigation advantages. Whether or not they succeed depends on the facts and circumstances of the individual bankruptcy case. The following sample case helps to illustrate how a court may rule. Case Study Catherine, Jules, and Jim founded and each owned one-third of a […]
PUBLIC NOTICE OF ARTICLE 7 SALE: FROZEN FOOD
NOTICE OF AUCTION OF FROZEN FOOD ON JANUARY 6TH Executive Summary. There is due as of November 25, 2022, charges and related fees and expenses totaling no less than $116,278.60 (together with any additional fees and expenses accruing thereafter, the “Lien Amount”) on the goods (“Goods”) held by NF Solutions, LLC as warehouseman (“Warehouseman”) under […]