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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 SECURED PARTY PUBLIC AUCTION NOTICE IS HEREBY GIVEN that SFIV SS-1, LLC (“Secured Party”) will offer for sale at public auction the following property: The Class B Equity Interests owned by Coastal Development, LLC (“Debtor”) in STOF Revenue Stream Holdco LLC, which the Secured Party understands and believes (but makes no representation or warranty as to the accuracy or completeness) constitute all gains and losses relating to payments that are commonly referred to as the “Tranche B Payments” paid indirectly to the Debtor relating to certain non-gaming revenue generated by certain casinos located in the United States, from and by Power Plant Entertainment, LLC. all Proceeds in respect of the foregoing. all General Intangibles in respect of the foregoing. For purposes of the foregoing, “Equity Interests” means shares of stock, partnership interests, interests in joint ventures, limited liability company interests and all other equity interests in a Person, […]

NOTICE OF PUBLIC UCC ARTICLE 9 FORECLOSURE AUCTION Accounts Receivable and Other Personal Property of Blitz Energy Services, LLC PLEASE TAKE NOTICE that on July 24, 2020, at 11:00 a.m., Dallas, Texas time, a public sale shall be conducted of the accounts receivable and certain other personal property previously, now or hereafter, securing the obligations of BLITZ ENERGY SERVICES, LLC (“Blitz”) to UMB BANK, N.A. (the “Secured Party”). Such public sale will be conducted via an online video conference using Zoom or another similar video conferencing platform. Parties interested in participating in such sale should contact counsel for the Secured Party, at the address below, to facilitate attendance via videoconference. A detail of such collateral subject to the Secured Party’s July 24, 2020 foreclosure sale (the “Collateral”) is available at the link below. Exhibit A This sale is being held to enforce the rights of the Secured Party. The Collateral […]

Public Notice: HYPERAMS Announces Sealed Bid Sale of 72-Acre State-of-the-Art Wood Pellet Manufacturing Plant – Bid Deadline July 31st. 1. Overview. HYPERAMS is offering for sale a state-of-the-art wood pellet manufacturing plant currently owned by TRAE-Fuels, Ltd. 2. Turnkey Sale v. Piecemeal Sale. The July 31st Bid Deadline is the deadline by which HYPERAMS must receive sealed bids for the entire manufacturing plant and its real estate on a turnkey basis. If an acceptable sealed bid is not received by July 31st then HYPERAMS will conduct an online auction of the manufacturing plant’s machinery and equipment on August 20th. 3. About the Manufacturing Plant. Located at 1376 Fredericks Hall Road in Bumpass, Virginia 23024, the Manufacturing Plant is a state-of-the-art facility located on a 72-acre parcel. Just 40 miles from Fredericksburg, Virginia, the Facility is strategically located near the ports of Richmond, Norfolk, and Portsmouth. In addition, being situated on […]

NOTICE OF SALE OF COLLATERAL UNDER THE UNIFORM COMMERCIAL CODE Pursuant to the provisions of the Uniform Commercial Code, as enacted in Delaware (6 Del. Code §9-610), and pursuant to the terms and provisions set forth below and as are contained in that certain Pledge and Security Agreement (the “Pledge Agreement”) dated as of February 14, 2017 and executed by Riverfront Crossing Hospitality Mezz, LLC (“Debtor”) and Bradford Allen Funding Company LLC (“Bradford Allen” or “Secured Party”), Bradford Allen will sell the following described property via auction at public sale (the “Auction”) on June 19, 2020 at 10:00 a.m. (the “Auction Date”), at the offices of Robbins, Salomon & Patt, Ltd., 180 N. LaSalle Street, Suite 3300, Chicago, Illinois: 100% of the legal and beneficial limited liability company interests in RIVERFRONT CROSSING HOSPITALITY OWNER, LLC, a Delaware limited liability company (the “Collateral”). This sale is being held to enforce Bradford […]

NOTICE OF PUBLIC SALE BY ASSIGNEE FOR THE BENEFIT OF CREDITORS OF ARLINGTON PLATING COMPANY SALE OF ASSETS: Notice is hereby given that on Tuesday, June 23, 2020 at 2:00 pm, CST (the “Date of Sale”), at the offices of Rally Capital Services, LLC, 350 North LaSalle St, Suite 1100, Chicago, IL 60654, Howard B. Samuels, not individually, but solely as Assignee for the Benefit of Creditors (the “Assignee”) of Arlington Plating Company (“Company”), shall hold a public auction (“Auction”) in accordance with applicable Illinois law (the “Sale”) to offer for sale (i) substantially all assets used in connection with the operation of the Company’s business of providing anodizing finishes on aluminum, magnesium, steel and stainless steel, as well as copper alloys and zinc die cast surfaces (the “Business”) and (ii) the interest of Chicago Title Trust No. 8002383358 in and to the real property, land, improvements, fixtures (the “Real […]

PUBLIC NOTICE OF ASSET SALE: Lake Street Landscape Supply, LLC – June 2nd-12th Matthew Brash of Newpoint Advisors Corporation, not individually, but solely as assignee (“Assignee”) for the benefit of creditors of Lake Street Landscape Supply, LLC (“Lake Street”), a sustainable landscape materials, supplies, tools and machinery company, announces the public sale of Lake Street’s assets (“Assets”). 1. Dates and Location of Sale. The Assets will be sold at Lake Street (1810 W. Lake Street, Chicago, Illinois 60612) June 2, 2020-June 12, 2020 (8am-1pm) or by appointment only. 2. More info about the Assets. The Assets include all of the Assignee’s right, title and interest in and to all of its assets whether tangible or intangible, real or personal or mixed, owned or leased (including indirect and other forms of benefit interest) wherever located and by whomever possessed including but not limited to: Landscaping materials Landscaping tools Landscaping machinery Specialty […]

Notice of Asset Sale By order of Assignee for the Benefit of Creditors Insolvency Services Group, Inc. This nationally branded destination management company (name confidential, hereafter “DMC”) was a leading, rapidly growing, nationally branded destination services management company that planned and organized over 1,700 events, corporate meetings and excursions annually for a variety of high-profile customers including MGM, Wells Fargo, AT&T and many others. DMC has been listed as a top 25 DMC nationally by Special Events Magazine for each of the last 13 years. DMC has 16 offices across the country, consisting of both company-owned and operated and licensed affiliate offices. On Monday May 4, 2020 DMC laid off nearly all of its employees and on Friday May 8, 2020 executed a General Assignment for the benefit of creditors in favor of Insolvency Services Group, Inc.

ATLANTA (June 1, 2020) – Keen-Summit Capital Partners LLC (Keen-Summit) is pleased to announce the expansion of its presence in the Southeast with the formal addition of Jennifer Meyerowitz to Keen-Summit’s team. Ms. Meyerowitz, a senior bankruptcy, turnaround and restructuring professional, will be based in the firm’s Atlanta office. Ms. Meyerowitz brings Keen-Summit over 20 years of restructuring and bankruptcy experience. Prior to joining Keen-Summit, Ms. Meyerowitz was a managing director at Keen-Summit’s partner, Summit Investment Management (Denver). “We are so excited to have Jennifer join our group and expand our network, expertise and capabilities. Jennifer is the consummate professional,” said Harold Bordwin, Keen-Summit’s Managing Director and Co-Principal. Prior to that, Ms. Meyerowitz led the Bankruptcy and Restructuring Practice Group at Garden City Group (GCG), managing both the sales and operations teams. Before she joined GCG, Ms. Meyerowitz served in operations, business development, consulting and other leadership roles, including as […]

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 operating on and near Cape Cod, MA, which currently provides freight rail services primarily for various industrial commodities and the haulage of municipal waste. The Membership Interest will be sold free and clear of all liens, claims, rights, interests, and encumbrances whatsoever. Mass Coastal’s assets and liabilities shall remain unaffected by the sale of the Membership Interest, as the Successful Bidder is essentially buying the stock of Mass Coastal. The Trustee anticipates selling the Membership Interest in Mass Coastal pending approval of Bidding Procedures filed in the chapter 11 bankruptcy of San Luis & Rio […]

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.

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