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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

AUCTION OF THE ASSETS OF S&K ACQUISITION CORP. AND S&K AIR POWER LEASING INC. Sale of Property: On September 18, 2019 at 10:00 a.m. at the offices of Commercial Recovery Associates, LLC, located at 205 West Wacker Drive, Suite 1818, Chicago, IL 60606, Robert Handler (the “Trustee/Assignee”), as Trustee/Assignee for the Benefit of Creditors of S&K Acquisition Corp and S&K Air Power Leasing Inc. (the “Companies”) will conduct an auction sale (the “Auction”) of the Companies’ tangible and intangible assets, consisting primarily of inventory, accounts receivable, property plant and equipment, office furniture and equipment, trade fixtures, customer information and marketing materials and brochures (“Sale Assets”), a list of which the Trustee/Assignee will make available to potential bidders. Terms and Conditions of Sale: The Sale Assets will be offered on an “AS IS” “WHERE IS” basis. The Company leases facilities in Mattoon, IL, Decatur, IL, Indianapolis, IN and Evansville, IN. The […]

Notice of UCC Article 9 Foreclosure Auction of Commercial Loans & Intellectual Property PLEASE TAKE NOTICE that on September 10, 2019, at 11:00 a.m., New York City, New York time, at the offices of Holland & Knight LLP, 31 West 52nd Street, 12th Floor, New York, NY 10019, a public sale shall be conducted of the personal and fixture property, whether previously, now or hereafter, constituting the items generally described below, and more specifically described in a public foreclosure sale notice transmitted to the Debtors (collectively, the “Collateral”), of THE CREDIT JUNCTION HOLDINGS, INC. (“Parent”), TCJ II, LLC (“Borrower”) and TCJ I, LLC (“TCJ I” and, together with Borrower and Parent, each individually, a “Debtor” and collectively, the “Debtors”). This sale is being held to enforce the rights of MIDCAP FINANCIAL TRUST, as first and second lien agent for itself and certain other first and second lien lenders (“Secured Party”) […]

PUBLIC SALE UNDER ARTICLE 9 OF THE UCC OF COLLATERAL ASSETS INVOLVING SPRING MARKETPLACE, INC Certain assets of Spring Marketplace, Inc. (the “Company”) described below (the “Assets”) are to be auctioned at a public sale under UCC Article 9 by the secured lender Hoban Road Ventures LLC. The Assets consist of substantially all of the personal property of the Company, including the Company’s technology platform, which enables payment connected marketing and rewards solutions for merchants, and certain intellectual property. The time and place for the auction shall be as follows. Time: August 26, 2019, at 10:00 a.m. PT. Place: Offices of Sheppard Mullin, 333 South Hope Street, 43rd Floor, Los Angeles, CA 90071-1422, Attn: Ted Cohen (213 617 4237), counsel to the secured lender. Additional information may be gained by contacting Bruce Mitchell at (415) 525-2854 or [email protected] on or before August 19, including certain auction participation procedures and how […]

Chapter 7 Trustee Alex D. Moglia announces the auction of Outboard Marine Corporation’s 100% equity interest in OMC Outboard Marine France. Bid deadline August 30th.

NOTICE OF PUBLIC SALE UNDER ARTICLE 9 OF THE UCC OF COLLATERAL INVOLVING FORTE AUTOMATION SYSTEMS, INC. 1. Executive Summary. This is a public notice regarding the public sale (the “Auction”) to the highest bidder of the collateral (the “Assets”) described in #6 below. The public sale will be held on July 31, 2019, 12:00 p.m. CST by the secured lender (“Secured Party”) who has a duly perfected first-priority secured creditor with respect to all present and future debts, obligations and liabilities of Forte Automation Systems, Inc. (the “Debtor”). 2. Loan Agreement. The Secured Party’s rights arose pursuant to that Loan Agreement dated as of May 14, 2014 (as amended, supplemented, or otherwise modified from time to time, the “Loan Agreement”) and the security interests granted by the Security Agreement dated May 14, 2014, by Debtor to Secured Party and the security interests granted by that Patent Security Agreement dated […]

NOTICE OF BID PROCEDURES, AUCTION DATE AND SALE HEARING. PLEASE TAKE NOTICE THAT: 1. On May 29, 2019, American Home Products LLC (the “Debtor”) filed the Motion of Debtor for Entry of (I) an Order (A) Authorizing and Approving Bid Procedures in Connection with the Sale of Substantially All of the Debtor’s Assets; (B) Scheduling an Auction and Sale Hearing; (C) Approving the Manner and Form of Notice of the Auction and Sale Hearing; and (D) Granting Related Relief (the “Bid Procedures Motion”); and (II) an Order (A) Approving the Sale of Substantially All of the Debtor’s Assets Free And Clear of All Interests; (B) Authorizing the Assumption and Assignment of Certain Executory Contracts and Unexpired Leases; and (C) Granting Related Relief [Docket No. 22] (the “Sale Motion”; together with the Bid Procedures Motion, the “Motion”) with the United States Bankruptcy Court for the Northern District of Georgia (the “Bankruptcy […]

NOTICE OF BID PROCEDURES, AUCTION DATE AND SALE HEARING. PLEASE TAKE NOTICE THAT: 1. On May 19, 2019, the above-captioned debtors and debtors in possession (the “Debtors”) filed the Debtors’ Motion for Entry of Orders (I)(A) Approving Bid Procedures Relating to the Sale of Substantially all the Assets of Empire Generating Co, LLC, or Interests in Empire Gen Holdings, LLC, (B) Establishing Procedures in Connection with the Assumption or Assumption and Assignment of Certain Executory Contracts and Unexpired Leases, (C) Approving Notice Procedures, (D) Approving Stalking Horse Bid Protections, and (E) Granting Related Relief (the “Bid Procedures Motion”);1 and (II)(A) Authorizing the Sale of Substantially all the Assets of Empire Generating Co, LLC, or Interests in Empire Gen Holdings, LLC, Free and Clear of Liens, Claims, Encumbrances, and Other Interests; (B) Approving the Assumption of Certain Executory Contracts and Unexpired Leases Related Thereto; and (C) Granting Related Relief [Docket No. […]

Perfect Brow Art, Inc and its affiliated entities (the “Company”), the largest eyebrow threading retailer in the United States, with 169 company-owned and franchised stores, $23.7 million in revenues and $2.7 million in Adjusted EBITDA (in 2018, adjusted for closed stores and non-recurring professional fees), is selling substantially all of its assets (the “Assets”) pursuant to section 363 of the Bankruptcy Code. On June 10, 2019, the United States Bankruptcy Court for the Northern District of Illinois, in the Company’s bankruptcy case, Case No. 19-0811 (jointly administered), entered a Bidding Procedures Order and set (i) June 24, 2019 at 5:00 p.m. (Central Time) (the “Bid Deadline”) as the deadline to submit offers; (ii) June 28, 2019 at 10:00 a.m. (Central Time) as the date of the Auction (the “Auction Date”); and (iii) July 2, 2019 at 1:00 p.m. (Central Time) as the date of the Sale Hearing. Copies of the […]

Notice of Public Sale NOTICE IS HEREBY GIVEN that on Tuesday, July 9, 2019, at 10:00 a.m. (Eastern Daylight Time) (the “Date of Sale”) at the offices of Schulte Roth & Zabel LLP, 919 Third Avenue, New York, New York 10022, the secured party, North Channel Bank GmbH & Co. KG (“Seller”), pursuant to (a) Section 9-610 et seq. of the Revised Uniform Commercial Code as adopted in New York and other applicable law; and (b)(i) that certain Loan Agreement dated March 24, 2016 between the Seller, as lender, and Trillium, Inc., as borrower (“Debtor”), (ii) that certain Collateral Pledge Agreement dated March 24, 2016 by the Debtor in favor of Seller and (iii) any other documents respecting loans made to the Debtor from Seller (including all addenda, amendments and collateral documents related thereto), will hold a public sale to offer for sale all of the Debtor’s privileges, right, title […]

Want to Own a College Campus? Keen-Summit Capital Partners LLC (“Special Real Estate Advisor”) and TPW Real Estate LLC (“Broker”), have been jointly engaged by Southern Vermont College as exclusive advisors for the sale of its real estate holdings in Bennington, VT including the Southern Vermont College Campus, SVC Gate House and SVC Art Center. For more info visit the Keen-Summit Projects Page and/or view the PDF’s below. Supporting PDFs: Information Memorandum Campus Flyer

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