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 […]
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, […]
Explore whether a debtor can file chapter 11 reorganization bankruptcy to evade a court-ordered receivership.
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 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 […]
LLCs protect individuals from company liabilities, but a Chapter 7 Bankruptcy Trustee can reach assets to satisfy individual obligations.
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 […]
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 […]
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 […]
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 […]