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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

PUBLIC NOTICE OF 363 SALE: Massachusetts Coastal Railroad LLC

AUCTION SALE OF MASSACHUSETTS COASTAL RAILROAD LLC NOTICE IS HEREBY GIVEN that William A. Brandt, Jr. of Development Specialists, Inc. (“DSI”), as chapter 11 Trustee of San Luis & Rio Grande Railroad, Inc. (“SLRG”) is selling SLRG’s 100% Membership Interest in its wholly-owned subsidiary Massachusetts Coastal Railroad LLC (“Mass Coastal”), a 99-mile short line railroad […]


Should you sign an involuntary bankruptcy petition?

90 Second Lesson: I’ve Been Asked to Sign an Involuntary Bankruptcy Petition. Should I?

The Advantages and Disadvantages of an Involuntary Petition   QUESTION: The credit manager of an Akron-based company asks: “One of our commercial accounts is pretty far behind in paying on our invoices. Another vendor approached me and asked me to join in signing an involuntary bankruptcy petition. Is there any legal risk in doing this?” […]


PUBLIC NOTICE OF SECURED PARTY PUBLIC AUCTION: Alex Toys and Poof Slinky

Notice of secured party sale of substantially all the assets of iconic toy brands, Alex Toys, LLC and Poof Slinky, LLC, to be held May 12th at the Ellenoff Grossman & Schole LLP.


PUBLIC NOTICE OF SALE OF ASSETS: Calumet Abrasives Co.

NOTICE OF PUBLIC SALE ON MAY 13TH ASSETS OF CALUMET ABRASIVES CO., INC. 1. What is for sale? Certain items of machinery and equipment belonging to Debtor (defined below) and used in the manufacture of industrial abrasive cutting and grinding products (the “Collateral”). The Collateral includes, without limitation, molding presses, mixing equipment, testing equipment and […]


90 Second Lesson: What Is a Composition Agreement?

How a Composition Agreement Can Be an Alternative to Chapter 11   QUESTION: John B asks: What is a composition agreement? ANSWER: A composition agreement is an out-of-court contract between a debtor and multiple creditors providing for the reduction or delay in payment of amounts owed by the debtor to the creditors entering into the […]


PUBLIC NOTICE OF AUCTION: Specialized Hemp CBD Equipment

One Day Auction: Large-Scale, Specialized Hemp CBD Equipment Sale Unique opportunity to purchase like-new, state of the art equipment required for all facets of hemp cannabidiol (“CBD”) farming, drying, and extraction: Proprietary Engineering Designs & State of the Art Equipment Drying Facility: designed and built as solid-state radio frequency (RF) technology, capable of drying 60,000 […]


This Greek statue in a museum symbolizes fraud And deceit in bankruptcy cases

Fraud And Deceit in Bankruptcy Cases – Lessons from “The Clouds”

What Can An Ancient Greek Playwright Tell Us About Bankruptcy? Some of the best lessons on fraud and deceit in bankruptcy were written around 2,500 years ago. Yes, all the way back in 423 B.C., the Greek playwright Aristophanes offered his thoughts for posterity in his comic play “The Clouds,” which tells the story of […]


When to Request Relief from the Automatic Stay

Editors’ 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: How do I know if I should request relief from a debtor’s automatic stay? ANSWER: What is the Automatic Stay? Section 362 of […]


PUBLIC NOTICE OF ASSET SALE: The Education Insurance Corporation

Public Notice of Asset Sale: Intellectual property & Assets of The Education Insurance Corporation DSI ABCs LLC (“DSI”), as assignee (the “Assignee”) for the benefit of creditors of The Education Insurance Corporation, an insurance technology company, announces the public sale of EIC’s intellectual property and substantially all its other the assets (the “Auction Assets”). All […]


PUBLIC NOTICE OF ARTICLE 9 AUCTION: Patriot Finance, LLC

NOTICE OF PUBLIC UCC ARTICLE 9 FORECLOSURE AUCTION Consumer Installment Loans and Other Personal Property of PATRIOT FINANCE, LLC PLEASE TAKE NOTICE that on February 28, 2020, at 11:00 a.m., Atlanta, Georgia time, at the offices of Holland & Knight LLP, 1180 West Peachtree Street NW, Atlanta GA 30309, a public sale shall be conducted […]


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