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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

Bankruptcy Auction: 38.56 +/- Acres Directly on the Las Vegas Strip, Across from Mandalay Bay Keen-Summit Capital Partners LLC and Colliers International (collectively, “Brokers”), on behalf of Kavita Gupta, the Chapter 11 Trustee (“Trustee”) for the estates of Desert Land, LLC, Desert Oasis Apartments, LLC and Desert Oasis Investments, LLC (“Estates”), announce the sale of 38+ acre, world-class property, located directly on The Las Vegas Strip, across from Mandalay Bay. This is truly a once-in-a-lifetime development opportunity and is the most significant development site available on The Strip. The property is located in a Qualified Opportunity Zone and is perfect for a resort, gaming, retail, restaurant, entertainment, among various other potential uses. The property is being offered in whole or in parts. The Auction date is May 19, 2020, with a bid deadline of April 30, 2020. Stalking horse offers will be considered. All offers will be reviewed and considered […]

Assignee Howard Samuels & Rally Capital Announce Public Sale of the Assets of M&M Pump & Supply, Inc. There will be a public auction (“Auction”) on Friday, January 31, 2020 at 2:00 pm, CST ( “Auction Date”) of substantially all of the assets of M&M Pump & Supply, Inc. (“M&M Pump”). Location. The Auction will take place in the offices of Rally Capital Services, LLC, 350 North LaSalle St, Suite 1100, Chicago, IL 60654. Seller. Howard B. Samuels, not individually, but solely as Assignee for the Benefit of Creditors of M&M Pump (“Assignee“) is the seller. Assets to be Sold. As noted above, the Assignee will sell substantially all of the assets of M&M Pump (“Auction Assets”). The Auction 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 […]

Public Notice of Court Ordered Auction of Contact Lens & Eyewear Retailer (E-Commerce + 2 Stores) AuctionAdvisors (“Auctioneer”) has been engaged to sell the assets of Provision Supply, Envision Eye Care, and Envision Optics, by order of the court in In re: Provision Supply, LLC, Envision Eye Care, Inc. and Envision Optics, Inc. The offering consists of all assets of this leading online eyewear retailer/supplier of contact lenses, prescription eyewear, designer sunglasses and supplies. The offering includes a strong e-commerce business, as well as two retail locations. The Auction date is January 29, 2020, with a buyer qualification deadline of January 24, 2020. To request information relating to the assets, the bid procedures, the terms and conditions of the Sale, or to make any make other inquiries, call Joshua Olshin of AuctionAdvisors, at (212) 375-1222 x 705. For more information about the offering, please visit: http://auctionadvisors.com/property-details/envision_sale_220 About AuctionAdvisors AuctionAdvisors, based […]

Public Notice of Chapter 7 Auction of 65,000 SF Income-Producing Industrial Property on 6 Acres in Whitehouse Station, NJ AuctionAdvisors (“Auctioneer”) has been engaged to sell the property of 388 Route 22 Readington Holdings, LLC (“Property”) by order of the Chapter 7 Trustee in Bankruptcy Case No. 18-30155 KCF. The Property, commonly known as 388 US-22 Whitehouse Station, NJ 08889, consists of a 65,000± SF single-story industrial building on 6± acres. The offering also includes a solid cement block building with 32’± ceilings, 2 drive in doors, 2 docks and office area. This property was slated for retail development but has been rented for over 5 years. Summary of the terms of sale: The sale will take place on-site and bidding will take place on December 17, 2019 at 11:00 AM EST. There is no buyer’s premium and a deposit amount of $150,000 in the form of a bank check […]

Notice of Chapter 7 Auction Sale of Intellectual Property – Auction Begins November 11th By Order of Chapter 7 Trustee, Nicole Testa Mehdipour and the UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF FLORIDA, WEST PALM BEACH DIVISION, Moecker Auctions has been engaged to sell the intellectual property (“Intellectual Property”) of LIBERTY INDUSTRIES, L.C., and LIBERTY PROPERTIES AT NEWBURGH, L.C., Chapter 7 Bankruptcy Case No. 18-14231-EPK and No. 18-14232-EPK. The Intellectual Property consists of approximately 550+/- Broadcast and Telecommunication Infrastructure Tower System Engineering Portfolio drawings consisting of: Fabrication Design Drawings, Installation Drawings, Foundation Design Drawings, Geotechnical Data, Site Survey Data, and Steel Yield Strength Data Packages. The Intellectual Property is currently located at a secure location in Deerfield Beach, Florida. The Intellectual Property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied, concerning the asset is made by the Seller, Auctioneer, […]

Bank Ordered Absolute Auction of Nine Former Bank Branch Buildings in IL, IN, MO, MS, TX ALL SELLING REGARDLESS OF PRICE! BID LIVE OR ONLINE! Sale 1: October 28, 2019 @ 10:00 AM CST Sale Site: 1050 Parkway Bouldevard, Flowood, MS 39232 Prop. #6101: 1050 Parkway Bouldevard, Flowood, MS 39232 2,670± SF situated on 0.55± AC Sale 2: October 28, 2019 @ 6:00 PM CST Sale Site: 1125 Highway 110 North, Whitehouse, TX 75791 Prop. #6201: 110 East Spring Street, Palestine, TX 75801 540+/- SF Former Drive Thru Bank Branch on 0.1693+/- Acre Prop. #6202: 5126 Summerhill Road, Texarkana, TX 75503 1600+/- SF Former Bank Branch on 0.693+/- Acre Prop. #6203: 1125 Highway 110 N, Whitehouse, TX 75791 6513+/- SF Former Bank Branch on 2+/- Acre Sale 3: October 30, 2019 @ 10:00 AM CST Sale Site: 9266 Lewis & Clark Blvd., St. Louis, MO 63136 Prop. #6301: 534 Court […]

Fashion Fair Beauty Brand, Founded by Publishers of Ebony and Jet Magazines, For Sale Hilco Streambank is marketing for sale the Fashion Fair beauty brand and related assets, including trademarks, the FashionFair.com domain name, and social media assets. Details about the opportunity can be found below and here. The sale is being conducted by Miriam R. Stein, the Chapter 7 Trustee of the bankruptcy estate of Johnson Publishing Company, LLC, and is subject to Bankruptcy Court approval. Bids are due by October 24, 2019, at 5:00 p.m. Central Time, and an auction will be held on Monday October 28, 2019 at 10:00 a.m. Central Time, at the law offices of the Trustee’s counsel, Fox Swibel Levin & Carroll LLP, 200 West Madison, Suite 3000, Chicago, IL 60606. Qualified bidders who wish to participate in the Auction telephonically may do so with permission of the Trustee. Brand Background: Fashion Fair was […]

If you are an investor in distressed assets, you know that uncovering great deals takes a lot of work. There are times you’ve probably wished there was a way to find all the deals in one place. Well wish no more, DailyDAC has your back. DailyDAC’s Opportunistic Deal Database (“ODD”) collects information about opportunities to purchase assets of financially distressed businesses, excess and obsolete assets, assets being sold in bankruptcy, receivership, and assignments, through Article 9 and other statutes, and assets otherwise being sold on an urgent “fire sale” basis. […]

Notice of Chapter 7 Bankruptcy Auction of a Full-Service Car Wash/Express Lube Facility Chapter 7 Trustee Kimberly Husted announces the September 25th auction of Yujin, LLC, owner of the Real Property. Fixtures and business operating currently as the Sundance Car Wash in Woodland, California are included in the sale. The offering includes the car wash, Havoline Xpress Lube, C-store and detail facility on 1.03 acres. The sale will be conducted online at www.tranzon.com/TAS190925. Below is a summary of the terms of sale: Tranzon Asset Strategies (“Auctioneer”), as an agent of Kimberly J. Husted, in her sole capacity as Chapter 7 trustee for the bankruptcy estate of Yujin, LLC in Case No. 19-23570 in the United States Bankruptcy Court for the Eastern District of California (“Seller”), is conducting the Auction Sale of the real estate described as Yolo County parcel number 066-040-025, commonly known as 420 Pioneer Avenue, Woodland, CA 95776 […]

NOTICE IS HEREBY GIVEN that on September 19, 2019 at 11:00 a.m. CDT (the “Date of Sale“) in the offices of Bryan Cave Leighton Paisner LLP, 161 North Clark Street, Suite 4300, Chicago, Illinois, P2Binvestor Incorporated (“Lender“), pursuant to Section 9-610 of the Uniform Commercial Code, as adopted under applicable law, and under the following agreements: (i) that certain Financing and Security Agreement dated as of October 4, 2016 (the “2016 FSA“) and that certain Financing and Security Agreement dated as of October 2, 2017 (collectively with the 2016 FSA and each as amended, modified or supplemented from time to time, the “Loan Agreement“) pursuant to which Lender has made certain loans and other extensions of credit available to Lifeprint Products, Inc. (“Borrower“); (ii) that certain Secured Promissory Note dated May 29, 2018 by Borrower in the original principal amount of $2,500,000 (as amended, modified or supplemented from time to […]

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