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About The DailyDAC Editors

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

NOTICE OF PUBLIC SALE: KCP ADVISORY AND SUGAR FELSENTHAL GRAIS & HAMMER ANNOUNCE AUCTION PURSUANT TO BANKRUPTCY CODE §363 OF ALL THE ASSETS OF AGRI-FINE, INC., THE COUNTRY’S LARGEST PRODUCER OF ACIDULATED SOAPSTOCK

Agri-Fine, Inc. the country’s largest producer of acidulated soapstock, is making its assets available for sale at an auction scheduled for March 10th, 2016, in Chicago Illinois. Parties interested in learning more about this investment opportunity are encouraged to contact the Company’s professional advisors immediately. The Company produces an all-vegetable, virgin oil from a co-product, […]


PUBLIC NOTICE OF SALE: DAVID ABRAMS AS ASSIGNEE ANNOUNCES PUBLIC AUCTION SALE & OPPORTUNITY TO BID IN CONJUNCTION WITH PUBLIC UCC SALE TO BE HELD FEBRUARY 3, 2016

Sale of Assets: Pursuant to a Trust Agreement and Assignment for the Benefit of Creditors by and between Pure Metal Recycling LLC, an Illinois limited liability company (“Assignor”), and David Abrams, not individually but as “Trustee-Assignee” thereunder, the Trustee-Assignee shall sell vehicles, machinery & equipment of Assignor (“Sale Property”) at a public auction (the “Auction”) on […]


PUBLIC NOTICE OF SALE: RALLY CAPITAL SERVICES, LLC ANNOUNCES AMENDED! NOTICE OF PUBLIC SALE BY ORDER OF ASSIGNEE FOR THE BENEFIT OF CREDITORS TO BE HELD JANUARY 29 2016

NOTICE OF PUBLIC SALE BY ORDER OF ASSIGNEE FOR THE BENEFIT OF CREDITORS OF INTEGRATED ORTHOPEDICS, INC D/B/A WABASH MEDICAL INC. 3717 NORTH RAVENSWOOD AVE., SUITE 217 CHICAGO, IL 60613 SALE OF ASSETS: Notice is hereby given that on January 29, 2016 at 2:00 pm, central time (the “Date of Sale”), in the offices of Rally […]


PUBLIC NOTICE OF SALE: SALE OF COLLATERAL UNDER ILLINOIS UNIFORM COMMERCIAL CODE

PLEASE TAKE NOTICE that pursuant to Section 5/9-610 of the Illinois Uniform commercial Code and that certain Term Promissory Note and Security Agreement dated November 3, 2014 (as amended, restated, or otherwise modified from time to time the (the “Loan Agreement”), by and among Loeb Term Solutions, LLC, an Illinois limited liability company (the “Lender”) […]


“Don’t Pass Me By”—The Jevic Case and Bypassing the Absolute Priority Rule

It’s an all-too-familiar situation: a debtor files for chapter 11 bankruptcy and an asset sale takes place, but there is not enough money at the end of the day to fund a plan confirmation process, or adequately pay off all creditors who come first in line according to the bankruptcy code. That “line” is defined […]


RECOMMENDED READING: Assignments for the Benefit of Creditors: An Overview With a California Flavor

In “Assignments for the Benefit of Creditors: Simple as ABC?” Robert L. Eisenbach III provides a brief and clear summary of ABC procedures, and illustrates the process usefully with a hypothetical scenario of a cash-negative company with insufficient money to fund further operations and no likely prospects for credit, and which has specific technology assets that a […]


What Else Can a Creditors Committee Do? Maybe Reap $1.5 Billion for Unsecured Creditors (Lender Beware)

JPMorgan Chase & Co. and others (“JPM”) lent $1.5 billion to General Motors Corporation (“Old GM”) under a term loan agreement (the “Term Loan Agreement”).  JPM was the senior secured creditor of Old GM.  Old Gm went into chapter 11 bankruptcy.  Under the terms of the DIP financing approved by the bankruptcy court, proceeds of […]


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