The Commercial Receivers Association (CRA) and DailyDAC (Distressed Asset Central) have partnered to develop the Receivership 101 Video Series to build more awareness and understanding of the receivership space.

As the CRA ushers in its second year, it is pleased to announce the appointment of three new State Directors – Richard Arbuckle, Marc D. Miceli, and David Payne.

Chapter 11 Bankruptcy – 363 Sales Dealer Products, Inc.  www.dealpro.com, www.cliphouse.com,  a B2B distributor of auto hardware, top brand shop supplies & highly coveted proprietary performance chemicals & other automotive products to auto dealerships, body shops & collision repair shops, primarily throughout TX & OK via route in person sales model. Telemarketing & online DBA division distributes such products across the US & internationally.  Chapter 11 Bankruptcy Sale. In re Dealer Products, Inc.  Case number 22-41970-11. A motion to sell substantially all assets was filed on March 3, 2023, in the Northern District of Texas, Fort Worth division and subject to amendment. Debtor’s address 1122 W Carrier Parkway, Grand Prairie, TX 75050. All interested parties should carefully read the Bidding Procedures Order and the Bidding Procedures. Copies of the Bidding Procedures Order and the Bidding Procedures are available upon request to the Debtor’s counsel, M. Jermaine Watson, Esq., Cantey Hanger, […]

NOTICE OF SECURED PARTY’S PUBLIC SALE OF MEMBERSHIP INTERESTS IN EACH OF (1) 5218 PROPERTY LLC, (2) CENTENNIAL PLAZA PROP LLC, AND (3) IMARC PROPERTIES, L.L.C. UNDER ARTICLE 9 OF THE UNIFORM COMMERCIAL CODE  Underlying Real Property: 2 Class A Office Buildings 1 Centennial Plaza, Piscataway & 5218 Atlantic Ave. Mays Landing NJ. PLEASE TAKE NOTICE that on April 25, 2023, starting at 11:00 a.m. Eastern Time, Auction Advisors, as Auctioneer, on behalf of RL Atlantic Cent LLC, a Florida limited liability company (“Secured Party”), will offer for sale at a public auction under the Uniform Commercial Code, certain limited liability company membership interests in each of the following limited liability companies: 5218 Property LLC, a New Jersey limited liability company (“5218 Property”); Centennial Plaza Prop LLC, a Delaware limited liability company (“Centennial”); and IMARC Properties, L.L.C., a Florida limited liability company (“IMARC”). Ira Russack (“Russack”) is the current owner […]

NOTICE OF PUBLIC SALE (NOTIFICATION OF DISPOSITION OF COLLATERAL) NOTICE IS HEREBY GIVEN THAT, pursuant to Section 9-610 of the Uniform Commercial Code as adopted in the State of New York and any other applicable jurisdictions, and any other applicable law, Hilldun Corporation (the “Secured Party”) will offer for sale to the public, by public auction (the “Auction”), substantially all of the assets (excluding equipment, inventory, and property leased from third parties) of SAND SHACK LLC, a Delaware limited liability company (the “Debtor”), including, without limitation, the Debtor’s right, title, and interest in and to all accounts, intellectual property (including, without limitation, designs, logos, trademarks, trade names, internet domain names, email accounts, social media accounts, and customer lists), general intangibles, instruments, documents, contract rights, and chattel paper (collectively, the “Assets“). The Debtor has granted a security interest in all of the Assets to the Secured Party to secure Debtor’s obligations to the […]

NOTICE OF PUBLIC SALE OF PERSONAL PROPERTY ASSETS OF CARLSON WIRELESS TECHNOLOGIES INC, UNDER THE UNIFORM COMMERCIAL CODE PLEASE TAKE NOTICE THAT on April 11, 2023, at the hour of 10:00 a.m., Pacific Daylight Time, Mr. Ian Cruise, as successor secured creditor (“Secured Creditor”) of Carlson Wireless Technologies Inc. (“Borrower”), will hold a public foreclosure sale via Zoom under Section 9-610 of the Uniform Commercial Code as adopted in California from time to time (“UCC”), of all of the personal property collateral pledged to Secured Creditor under the parties’ Loan and Security Agreement, as amended (“Collateral”). The Borrower is in the business of TV White Space technology, providing broadband data to remote areas via the unused parts of the UHF TV spectrum. The Collateral includes, without limitation: All of Borrower’s: (i) accounts, contract rights, general intangibles, chattel paper, documents and instruments as such terms are defined in the UCC, including, […]

IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE In re BLANK LABEL GROUP, INC., et al., Debtors. Chapter 11 Case No. 23-10286 (JTD) Jointly Administered NOTICE OF SALE, BIDDING PROCEDURES, POTENTIAL AUCTION, AND SALE HEARING PLEASE TAKE NOTICE that, on March 8, 2023 (the “Petition Date”), the above-captioned debtors and debtors in possession (collectively, the “Debtors”) each filed a voluntary petition for relief, electing to proceed under Subchapter V of chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Court”), commencing these chapter 11 cases (the “Chapter 11 Cases”). PLEASE TAKE FURTHER NOTICE that, on March 9, 2023, the Debtors filed a motion [D.I. 10] (the “Bidding Procedures Motion”) seeking entry of (a) an order (the “Bidding Procedures Order”), (i) authorizing and approving bidding procedures (the “Bidding Procedures”) in connection with […]

90 Second Lesson: Why Would a Debtor Choose to Liquidate Under Chapter 11?

There may be many business reasons and benefits for a debtor who chooses to liquidate under Chapter 11 rather than Chapter 7.

State Court Receivership 101 Video Series

This series of videos and articles provides an overview of state court receiverships: what they are, the different types, costs involved and different aspects of representation on both sides of the receivership. This series is a co-production of DailyDAC and the Commercial Receivers Association (CRA). Receivership 101: What is a Receivership By Thomas Riske | Principal | Carmody MacDonald Receivership 101: Types of Receivership By Rebecca DeMarb | Sr Managing Director | Development Specialists Inc Receivership 101: How to Get a Receiver Appointed By Cynthia Hegarty | Counsel | Winthrop […]

The Commercial Receivers Association continues to grow rapidly with launches in DC, Philadelphia, and New York this week.