NOTICE OF PUBLIC SALE UNDER UNIFORM COMMERCIAL CODE ARTICLE 9 1. Executive Summary: Clive Barrett in his capacity as trustee under certain loan documents (the “Trustee”) will conduct, through his counsel acting as its agent, Parkins Lee & Rubio LLP (the “Agent”), on September 14, 2021, at 9:00 a.m. CDT or such later date as provided below (the “Auction Date”), a disposition of the below-described collateral by public sale (the “Auction”). To participate in the Auction, you must comply with the Participation Requirements below by September 9, 2021 (the “Qualification Deadline”). The below described collateral includes substantially all intellectual property of Overwatch Technologies, Inc. d/b/a Overwatch Digital Health. 2. Debtor: The debtor is Overwatch Technologies, Inc. d/b/a Overwatch Digital Health, a Texas corporation (the “Borrower”). 3. Secured Parties: The secured parties on behalf of whom the Trustee is conducting this public sale of the Property, as defined below, are the […]

Not Necessarily Free and Clear: Purchasing Real Estate Property in a Section 363 Sale

Just Because a 363 Sale Says Free and Clear, Does Not Mean It’s True A bankruptcy debtor is offering commercial property in a section 363 sale. It is an attractive property and Lou is considering purchasing it. Lou has heard that a section 363(b) sale “cleans” the assets of all liens, claims, and encumbrances. However, he is skeptical that this is the case and is hesitating on making an offer to purchase the property. Lou’s skepticism is well-founded. There are cases where the property sold in a section 363 sale […]

PUBLIC NOTICE OF UCC SALE OF DEERPATH PLAZA IN LAKE FOREST, IL ON OCTOBER 5TH 1. Executive Summary. LoanCore Capital Credit REIT LLC (“Lender“) intends to sell its collateral to the highest bidder at a sale on October 5th, which potential bidders must qualify to bid at. The collateral consists primarily of 225 Deerpath Investors, LLC’s (“Company”) 100% limited liability company interest in 225 E. Deerpath, LLC, a Delaware limited liability company (“Owner“), which in turn is the owner of certain real property located at 225 E. Deerpath, Lake Forest, IL 60045, commonly referred to as “Deerpath Plaza.” For more information, see the listing here or contact Lender’s sale advisor, Brock Cannon of Newmark Knight Frank by email at: [email protected]. 2. Legal Background. Pursuant to (i) the Mezzanine Loan Agreement dated December 31, 2013 (“Loan Agreement“), between Company and Lender, (ii) the Pledge and Security Agreement dated December 31, 2013 […]

ASSIGNEE AUCTION OF THE ASSETS OF DB CYBERTECH, INC. DB CyberTech, a Delaware Corporation f/k/a DB Networks, Inc., a Delaware Corporation, Inc. (“DB CyberTech”), a cyber security company, has ceased operations and executed an Assignment for the Benefit of Creditors in favor of DB Cyber ABC, a limited liability company, as assignee (the “Assignee”) under California law on July 29, 2021. The Assignee intends to sell at auction all property of DB CyberTech as detailed below (the “Auction Assets”). All bids must be received by no later than 5:00 pm (prevailing Pacific time) on September 17, 2021. Assets to be Sold: The Auction Assets include all the Assignee’s right, title and interest in the following: Trademark #5,784,830 registered 6/25/2019 for “DB CyberTech” Trademark #4,351,865 registered 6/11/2013 for “DB Networks” Trademark #5,250,014 registered 7/25/2017 for “DB Networks” stylized with a shield Trademark #5,867,678 registered 3/14/2019 for “Aspecto” Patent Application PCT/US20/17064 Automated […]

PUBLIC NOTICE OF UCC ARTICLE 9 SALE: OLD NASSAU IMPORTS, LLC 1. Executive Summary. Double Cross Spirits, LLC (“Agent”), on behalf of and as agent, proxy, and attorney-in-fact for each of the secured parties listed on Exhibit A (each individually, a “Secured Party”, and collectively, the “Secured Parties”), will conduct, through its counsel, Greenberg Traurig, LLP (the “Greenberg Traurig”), on Wednesday, September 1, 2021, at 11:00 a.m. ET or such later date and time as provided below (the “Auction Date”), a disposition of the below-described collateral by public sale (the “Auction”). To participate in the Auction, you must comply with the Participation Requirements set forth below by 4:00 p.m. ET on Tuesday, August 31, 2021 (the “Qualification Deadline”). The below-described collateral includes all fixtures, personal property, and intellectual property of Old Nassau Imports, LLC, including the Double Cross Vodka brand. 2. Debtor. The debtor is Old Nassau Imports, LLC (the […]

NOTICE OF PUBLIC SALE OF CERTAIN ASSETS OF TOY OVERLORD INC. d/b/a MEGALOPOLIS PLEASE TAKE NOTICE that on August 25, 2021, at 01:00 p.m. prevailing Pacific time, bocm3-Megalopolis-Senior Debt, LLC (“Lender”) will conduct a virtual public sale and disposition (the “Sale”) of the assets owed by Toy Overlord, Inc. d/b/a Megalopolis (“Megalopolis”), in accordance with the provisions of Utah Code Annotated § 70A-9a-610, et. seq., or other applicable Uniform Commercial Code. The Sale will take place online via Zoom and in person at the offices of Brian Testo Associates, LLC, 4035 East Thousand Oaks Blvd. Suite 105, Westlake Village, CA 91362. Pre-qualified bidders may participate in the Sale online or in person. Description of assets to be sold: The assets to be sold consist of certain of the tangible and intangible assets used in the business of Megalopolis (“Assets”) as more fully described below: Accounts. All accounts, accounts receivable, credit […]

NOTICE OF PUBLIC SALE OF CERTAIN ASSETS OF PAUL EVANS LLC PLEASE TAKE NOTICE that on August 25, 2021, at 11:00 a.m. prevailing Pacific time, bocm3-Paul Evans-Senior Debt, LLC (“Lender”) will conduct a virtual public sale and disposition (the “Sale”) of the assets owed by Paul Evans LLC (“Paul Evans”) in accordance with the provisions of New York Code Annotated § 9-610, et. seq., or other applicable Uniform Commercial Code. The Sale will take place online via Zoom and in person at the offices of Brian Testo Associates, LLC, 4035 East Thousand Oaks Blvd. Suite 105, Westlake Village, CA 91362. Pre-qualified bidders may participate in the Sale online or in person. Description of assets to be sold: The assets to be sold consist of certain of the tangible and intangible assets used in the business of Paul Evans (“Assets”) as more fully described below: Accounts. All accounts, accounts receivable, credit […]

NOTICE OF ARTICLE 9 SALE RE MiCORP CUSTOM AUTO & TRUCK, LLC – AUGUST 20th BID DEADLINE 1. Public Sale. The Secured Creditors, through the Agent (as each is defined below) will sell the Debtor’s (as defined below) right, title and interest in the Assets (as defined below) to the highest qualified bidder(s) in public (the “Public Sale”) as follows: 2. Secured Creditors. The “Secured Creditors” are Canal Capital Partners III, LP, Canal Capital Partner III – A, LP, and Douglas Tansill. 3. Debtor. The “Debtor” is ​MiCorp Custom Auto & Truck, LLC. 4. Sale Date. The Public Sale is scheduled for August 23rd, 2021 at 11:00 a.m. Eastern Time and will be conducted via Zoom. The Bid Deadline (as defined below) is August 20th, 2021 at 4:00 p.m. Eastern Time. 5. Assets. The “Assets” consist of all of Debtor’s Accounts, Deposit Accounts, Documents, Electronic Chattel Paper, Equipment, Fixtures, General […]

NOTICE OF SECURED PARTY’S PUBLIC SALE OF COLLATERAL UNDER UNIFORM COMMERCIAL CODE PLEASE TAKE NOTICE that on Thursday September 30, 2021 at 10:00 A.M. local New York time, IV – CVCF CS I Trust (“Secured Party”) will offer for sale at a public auction under Section 9-610 of the Uniform Commercial Code as enacted in the State of New York, certain personal property assets in which Secured Party has been granted a security interest by Bryan Rishforth (“Debtor”), including certain limited liability company interests, and certain rights and property related and appurtenant thereto (collectively, the “Collateral”), in South London Holdings, LLC, a Delaware limited liability company (“South London”) and in Crotonville Holdings, LLC, a Delaware limited liability company (“Crotonville” and, collectively with South London, the “Issuers,” and each an “Issuer”). Debtor has represented and warranted that the Collateral includes 100% of the limited liability company interests in each Issuer. South […]

IN THE UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF ILLINOIS – EASTERN DIVISION In re: HESPERUS PEAK, INC., et al., Debtors. Chapter 11 Case No. 20-11616 (Jointly Administered) Honorable Janet S. Baer NOTICE OF DATE AND TIME FOR THE SUBMISSION OF OFFERS TO PURCHASE DEBTORS’ ASSETS AND BID PROCEDURES Hesperus Peak, Inc. & Blue’Spa, Inc., debtors (“Debtors”) hereby give notice pursuant to sections 1123(a)(5)(D) and 1141(c) of the Bankruptcy Code of the Debtors’ proposal to sell substantially all of their assets and of its bid procedures. The sale of the Property shall be free and clear of liens with any liens to attach to the proceeds of the sale, with the exception that the closing of a sale pursuant to a credit bid shall be subject to liens senior in priority, if any. The order confirming the Debtor’s chapter 11 plans is attached hereto as Exhibit A. 1. The deadline […]