Public Notice of Bankruptcy Sale: HYPERAMS Announces Sale of North Dakota Mineral Interests 1. What? HYPERAMS is offering for sale seven (7) separate oil, gas, and other mineral interests located in North Dakota. Current operators of these interests include XTO Energy, Murex Petroleum, and Oasis Petroleum. Sale is being conducted by HYPERAMS on behalf of Lutheran Social Services of North Dakota (LSS) by order of U.S. Bankruptcy Court, District of North Dakota (Fargo), Petition 21-30203. An APA has been executed with a Stalking Horse. Qualifying bids must exceed the Stalking Horse purchase amount plus the Break Up Fee. 2. When? Qualified Bid Submission: December 15, 2021 Auction: 9:00 am Central on December 16, 2021 via telephonic or video conference as provided by HYPERAMS Transaction closing as soon as possible following Sale Approval Hearing. 3. Qualified Bid and Bid Deadline. North-Dakota-Mineral-Interests-Bidding-Procedures.pdf Any person that wishes to bid at the Auction must no […]

November 24, 2021 UCC PUBLIC SALE NOTICE PLEASE TAKE NOTICE that on November 24, 2021 at 9:30 A.M. (CST), due to certain defaults under the Second Amended and Restated Secured Note executed by Cake Craft Factory LLC and made payable to Big Shoulders Capital VI, LLC (“Lender”) dated as of August 10, 2020 in the original principal amount of $574,479.16 and the related loan documents (the “Loan Documents”) substantiating a certain loan or loans (collectively, the “Loan”), and pursuant to and in accordance with Texas Business & Commerce Code Section § 9.101 et seq. (the “UCC”), Big Shoulders Capital VI, LLC, 105 Revere Drive, Suite D, Northbrook, IL 60062 (tel: 630-774-6661) or its assignee, successor, designee or sub-agent (collectively, the “Lender”), shall dispose of the property listed in Exhibit A (collectively, the “Collateral”), by public sale (the “Auction”), which shall be held by videoconference as follows: Date: Wednesday, November 24, […]

Chapter 11 363 Sale of substantially all assets as a going concern. Preliminary Bid Deadline is November 30th; auction is December 13th. Based in Ames, Iowa, Cycle Force Group LLC is an importer and distributor of bicycles, parts, and accessories with sales into multi-channels throughout North America. Investment Banker is Ravinia Capital LLC.

Bank Street Village (f/k/a City Line at Hightstown). Article 9 Sale of certain limited liability company membership interests on 3PRC, LLC, a New Jersey limited liability company, that are owned by 3P Hightstown, LLC, will be on November 9th; deposits due November 8th.. 3PRC is the developer of Bank Street Village (f/k/a City Line at Hightstown). This is a large-scale property development consisting of 343 apartment units in three buildings, 43 townhouses, parking structures, related amenities, appurtenant structures & improvements.

NOTICE OF PUBLIC SALE OF COLLATERAL PLEASE TAKE NOTICE that in accordance with applicable provisions of the Uniform Commercial Code as enacted in all applicable jurisdictions, LoanCore Capital Credit REIT LLC (“Secured Party”) will offer for sale, at public auction, all of 225 Deerpath Investors, LLC’s (“Debtor”) right, title and interest in and to (a) 100% of the limited liability company interests of 225 E. Deerpath, LLC, a Delaware limited liability company (“Owner”), and (b) certain related rights and property relating thereto (collectively, (a) and (b) are the “Collateral”). Based on Debtor’s disclosures, Secured Party understands that the principal asset of Owner is certain real property located at 225 E. Deerpath, Lake Forest, IL 60045, and such property is subject to one or more mortgages. The public auction will be held on November 17, 2021 at 12:00 p.m. (CST), by remote auction via web-based video conferencing and/or telephonic conferencing program […]

90 Second Lessons: Working for a Struggling Business: Can this Car Be Turned Around?

Is the company that you work for struggling? Find out what this means for an employee who is working for a struggling business that may file for bankruptcy.

NOTICE OF PUBLIC SALE BY ORDER OF THE SECURED PARTY OF MODACENTRIC CORPORATION SALE OF ASSETS: Notice is hereby given that on October 26, 2021 at 2:00 p.m. CDT (the “Date of Sale”), via videoconference from the offices of the secured party, UNMEIII, Inc., an Illinois corporation (“Secured Party”) shall hold a public auction (“Auction”) in accordance with the Uniform Commercial Code (as adopted under Illinois law) and other applicable law (the “Sale”) to offer for sale the assets of Modacentric Corp. (“Borrower”) including all of Borrower’s right, title and interest in and to Accounts, Chattel Paper, General Intangibles, Supporting Obligations, Equipment, Inventory, Instruments (including promissory notes), Documents, Deposit Accounts, Financial Assets, Securities, and Letter-of-Credit Rights, and all amounts owing to Secured Party hereunder, including the Purchase Price and Reserve, and all Proceeds thereof (the “Sale Assets”). TERMS AND CONDITIONS: The Sale Assets sold or to be sold are being […]

90 Second Lessons: Nothing in Life is Certain but Death and Taxes: Cancellation of Debt Income

Editor’s Note: this is part of our irregular series in which we answer readers’ questions. If you have a question, submit it to [email protected] and we will try to answer it. Question Robin T. wrote in asking, I own a small retail chain that has been struggling. I hired a lawyer to negotiate with my creditors, and she told me I should speak with my accountant about the possible tax consequences of getting my creditors to forgive some of the company’s debt. The IRS can’t be that cruel, can it? Answer. Indeed […]

NOTICE OF PUBLIC SALE Of Certain Personal Property of OptMed, Inc., a Delaware corporation PLEASE TAKE NOTICE that on Wednesday, October 20, 2021, at 10:00 a.m. (ET), there will be sold at public sale (the “Sale”) conducted virtually via GoToMeeting, on the terms set forth below, all right, title, and interest of OptMed, Inc., a Delaware corporation (“Pledgor”), in the following property (the “Auctioned Collateral”), whether now owned by Pledgor or hereafter acquired and whether now existing or hereafter coming into existence: (a) all Patents of the Pledgor, which includes eleven issued US patents (ten utility and one design), two issued Chinese patents, one pending US patent application, and one pending Chinese patent application; (b) all Trademarks of the Pledgor, which includes one registered U.S. trademark for BONDEASE for “Adhesives, sealants and tissue bonding substances for surgical and other general medical uses”; and (c) all proceeds of and to any of the […]

90 Second Lessons: Virgin Lender, Virgin Land: When the Collateral is Dirt

Editor’s Note: this is part of our irregular series in which we answer readers’ questions. If you have a question, submit it to [email protected] and we will try to answer it. Question Tom S. wrote in asking, I am a hard money lender and have loaned on all sorts of collateral, but I’ve never loaned on raw land before. A builder wants to pledge some land as collateral. What special risks does raw land collateral pose to a lender? Answer Raw land is often inventoried by developers and is usually in some […]