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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
On August 30, 2022, at 10:00 a.m. (Pacific Standard Time), a public sale will be held for AM Family Fund, LLC’s 100% membership interest in Lydda LUD, LLC, a California limited liability company
A public sale will be held by the secured party, Benuvia Holdings, LLC, for the assets of Benuvia Entities on Thursday, August 18, 2022 at 11:00 a.m. Eastern Time
The Assignee, Joseph J. Luzinski will conduct an auction with respect to the sale of the assets of Aerion corporation on September 16, 2022, at 9:00 a.m. EST.
AUCTION OF ASSETS OF Confidential Company Offer Deadline. August 19, 2022 at 5:00 pm Pacific Time. NDA Deadline. August 5, 2022 Background. The Confidential Company develops, produces, and sells designer furniture and related goods to consumers, architects, interior designers and contract dealers. Manufacturing is largely domestic. The Company is the subject of an assignment for the benefit of creditors. Process Overview. The prospective Assignee will provide a form asset purchase agreement (“APA”) to interested parties who have executed a non-disclosure Agreement (“NDA”) by the NDA Deadline. Letters of Intent in the form of a redline to the APA (containing the additional information as may be required by the prospective Assignee) must be received no later than the Bid Deadline. The winning bidder will be selected and notified by the prospective Assignee on August 22, 2022. The selection of the winning bidder is in the prospective Assignee’s absolute discretion. The winning […]
What are the legal remedies available under Article 9 of the UCC to a lender whose loan is secured by the personal property of a borrower who is in default? How can these legal remedies can be implemented in practice?
AUCTION OF ASSETS OF Confidential Company Offer Deadline. July 29, 2022 at 5:00 pm Pacific Time. NDA Deadline. July 15, 2022 Background. The Confidential Company is a professional services company which has been engaged in the business of facilitating mobile installations of accessory parts for jeeps and other 4×4 types of vehicles as well as facilitated in-home installations of bathtub cut outs (approx. 50 orders per week). The Company is the subject of an assignment for the benefit of creditors. Process Overview. The prospective Assignee will provide a form asset purchase agreement (“APA”) to interested parties who have executed a non-disclosure Agreement (“NDA”) by the NDA Deadline. Letters of Intent in the form of a redline to the APA (containing the additional information as may be required by the prospective Assignee) must be received no later than the Bid Deadline. The winning bidder will be selected and notified by the […]
AUCTION OF ASSETS OF CONFIDENTIAL COMPANY 1. Offer Deadline. July 8, 2022 at 5:00 pm Pacific Time. 2. NDA Deadline. June 24, 2022 3. Background. The Confidential Company’s Learning Methodology puts the learner first and is based on proven research and learning science that blends interactive and gamified micro-courses designed to power up soft skill development. This learner-led approach focuses on discovery, knowledge transfer, reinforcement of knowledge, and application that can be personalized, is scalable, and focuses on the learning experiences as opposed to learning content. Using the proven 70-20-10 blended learning L&D rule, the Company designs learning journeys that incorporate on-the-job experiences, community collaboration and gamified courses. The company has four categories of Learning Journeys: Soft-skills Training Career Readiness Expert Industry Courses (such as Design Thinking, Consumer Spending Behavior, Storytelling, & Broadcasting, etc.) Custom Learning Journeys The company is the subject of an assignment for the benefit of creditors. […]
Shoe Retailer with a strong online presence will have an asset sale including IP, inventory, virtual storefronts and more! Qualified Overbids are due by 5pm (PT) on July 22, 2022.
A reader named Harvey M. wrote in to ask this question: my business licenses certain intellectual property from another company. I am concerned that that company, which we can call “Licensor,” may file for bankruptcy. What will happen to our license if Licensor indeed files?
Opportunity To Purchase 100% of the Equity of Chapter 11 Debtor, Airport Van Rental, Inc.