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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: Is Bankruptcy Needed if Creditors Will Just Agree to Take Less?
QUESTION: Murray D. emailed, recently: “I am a general corporate lawyer. One of my clients has been in business for 50 years. It has no bank debt but it owes its vendors about $2 million. He told me that most or all of his vendors are willing to work with him by writing some small […]
PUBLIC NOTICE OF CHAPTER 7 SALE: Income-Producing Industrial Property on 6 Acres
Public Notice of Chapter 7 Auction of 65,000 SF Income-Producing Industrial Property on 6 Acres in Whitehouse Station, NJ AuctionAdvisors (“Auctioneer”) has been engaged to sell the property of 388 Route 22 Readington Holdings, LLC (“Property”) by order of the Chapter 7 Trustee in Bankruptcy Case No. 18-30155 KCF. The Property, commonly known as 388 […]
Determining the Collateral Value of a Secured Claim
Knowing Collateral Value Helps Determine the Creditor’s Rights Under a Plan The question of why we need to know the collateral value of a secured claim seems quite obvious when a secured creditor may be under-secured, that is when the value of its claim exceeds the value of the collateral securing it. In that case, […]
90 Second Lesson: Why Would a Debtor Choose to Liquidate Under Chapter 11?
Question: A reader asks, “I read about a company that filed Chapter 11 recently with a plan to sell all assets and go out of business. Why wouldn’t it file Chapter 7?” Answer: While it is true that the title of Chapter 7 is “Liquidation” and the title of Chapter 11 is “Reorganization,” these names […]
PUBLIC NOTICE OF CHAPTER 7 AUCTION: Intellectual Property of Liberty Industries
Notice of Chapter 7 Auction Sale of Intellectual Property – Auction Begins November 11th By Order of Chapter 7 Trustee, Nicole Testa Mehdipour and the UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF FLORIDA, WEST PALM BEACH DIVISION, Moecker Auctions has been engaged to sell the intellectual property (“Intellectual Property”) of LIBERTY INDUSTRIES, L.C., and LIBERTY […]
PUBLIC NOTICE: Absolute Auction of Former Bank Branch Buildings
Bank Ordered Absolute Auction of Nine Former Bank Branch Buildings in IL, IN, MO, MS, TX ALL SELLING REGARDLESS OF PRICE! BID LIVE OR ONLINE! Sale 1: October 28, 2019 @ 10:00 AM CST Sale Site: 1050 Parkway Bouldevard, Flowood, MS 39232 Prop. #6101: 1050 Parkway Bouldevard, Flowood, MS 39232 2,670± SF situated on 0.55± […]
90 Second Lesson: What is a Chapter 15 Proceeding of the Bankruptcy Code?
QUESTION: Harry A asks, what is a Chapter 15 Proceeding? ANSWER: Chapter 15 of the Bankruptcy Code was enacted as part of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA). It replaced existing section 304 of the Bankruptcy Code. Section 304 empowered U.S. courts to open an “ancillary” proceeding to representatives of […]
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, […]