1. Executive Summary. On May 8, 2019, Modagrafics, Inc., an Illinois corporation located at 5300 Newport Rd., Rolling Meadows, IL (“Modagrafics”) initiated an Assignment for the Benefit of Creditors by delivering a signed Trust Agreement and Assignment for the Benefit of Creditors (“Assignment”) to Howard B. Samuels, not individually, but solely as Assignee (“Assignee”). The Assignee, together with Modagrafic’s senior secured creditor (“Lender,” together with the Assignee, the “Sellers”), shall hold a joint public auction (“Auction”) in accordance with the Uniform Commercial Code (as adopted under Illinois law) and other applicable law (“Joint Sale”) of substantially all assets of Modagrafics (collectively the “Sale Assets”), as further described below. Modagrafics, was established in 1973 as an innovative provider of one-source visual marketing programs to its clients. Beginning with design and engineering through production, fulfillment and installation. Modagrafics has since became one of the largest manufacturers of digital printing for fleet graphics. […]

NOTICE OF PUBLIC SALE BY TRUSTEE/ASSIGNEE Sale of Assets: On May 16, 2019 ( at 11:00 a.m. (CDT) at the offices of Commercial Recovery Associates, LLC at: 205 W. Wacker Drive, Suite 1818, Chicago, Illinois 60606, Robert P. Handler, not individually, but solely as Trustee/Assignee (the “Seller”) for the Benefit of Creditors of The Roy Houff Company LLC and for the Benefit of Creditors of SJR Enterprises, LLC (collectively the “Company”) intends to sell at a public sale to the highest and best bidder (“Auction”) all of Seller’s right, title and interest in and to certain assets of the Company consisting of commercial delivery vehicles (collectively, the “Sale Assets”). The Sale Assets may be sold in bulk or by lot (the “Sale Lots”). Stalking Horse Offer and Terms and Conditions of Competing Bids: The Seller has received a written offer (“Purchase Offer”) for the Sale Assets in the amount of […]

Under Section 363(f) Free and Clear Means Free and Clear: A Case Study Bankruptcy sales of assets under section 363(f) can bring more cash into the estate in part because the purchaser takes the assets “free and clear” of the liabilities of the debtor-seller. The Ormet[i] case illustrates that the “free and clear” quality of assets in the hands of the purchaser after a section 363 sale, trump claims against the seller that are supported by very strong Congressional policies. Using union labor in Ohio, the Ormet Corporation and related […]

Bankruptcy Sale: 34,000± SF free-standing professional medical office building with a 2,300± SF annex on 7.08± acres of land. 3.0± acres of the land is currently unimproved and zoned for residential or additional medical building development. The property is 100% occupied by a Federally Qualified Health Center. 25 Year New Absolute NNN Lease! See pictures and supporting documents on AuctionAdvisors. About AuctionAdvisors AuctionAdvisors is a full-service auction and marketing company. From real estate sales to business liquidations, its team of experienced professionals has been serving the bankruptcy community for more than a decade. With a broad national network and corporate offices in key markets, it provide creative and customized disposition solutions for each transaction that it undertakes. Its reputation was founded on its ability to implement a very hands-on approach and deliver maximum value.

Wedding dress liquidation of high-end brands such as Demetrios, Levkoff, BariJay, Eden Bridals, Dessy Group. Merchandise currently located in Macy Bridal Shops in New York, New Jersey & Chicago. Includes bridal gowns, mother-of-the-bride dresses, bridesmaids dresses, flower girl dresses plus accessories. 9,000+/- items to be sold in bulk packages. Now Accepting Bulk Offers: Bids Due Friday May 17th @ 3 PM. For detailed inventory and sample pictures, please see the information package on AuctionAdvisors.com. ACCEPTING OFFERS – MUST BE SOLD! About AuctionAdvisors AuctionAdvisors is a full-service auction and marketing company. From real estate sales to business liquidations, its team of experienced professionals has been serving the bankruptcy community for more than a decade. With a broad national network and corporate offices in key markets, it provide creative and customized disposition solutions for each transaction that it undertakes. Its reputation was founded on its ability to implement a very hands-on approach […]

Bankruptcy Auction In re 3:17-bk-26908 | Thomas Nicol Company, Inc. Original Balance: $1,990,000.00 Origination Date: January 20th 2006 Interest Rate: 6% Performance: Non-Performing Secured by 45± Acres in Ocean County, NJ The offering consists of the sale of a promissory note in the amount of $1,990,000.00 dated January 20, 2006 payable to Thomas Nicol Company, Inc. and Asphalt, collectively by Davies Consultants, Inc. (the “Note”) and the mortgagees on that certain Mortgage and Security Agreement between Davies Consultants, Inc. as mortgagor and Thomas Nicol Company, Inc. and Asphalt, collectively as mortgagee on the property located at 2065 Route 37 AKA 2065 Highway 37 Lot 15.01 Block 44 in the township of Manchester, county of Ocean, State of New Jersey (the “Property”) and securing the Note (the “Mortgage”). Initial Bids Due: Monday, May 20th before 5 PM. Auction Sale Date: Tuesday, May 21st. Please see Motion for Auction Sale posted on […]

Absolute Auction! Sells to the highest bidder regardless of price. Online auction Wednesday, May 1st, 9am-5pm ET, Carmel, NY Sells to Highest Bidder Regardless of Price! Prime Location on US-6 75% off invested capital Great Visibility and Access to All Major Roads Environmental, Engineering, and More Reports Available The property is a 1.17± acre development site located along Route 6 adjacent from Putnam Plaza Shopping Center in Carmel, NY. Great visibility and access to all major roads. Includes environmental, engineering, site investigation, traffic impact study, ALTA survey and much more! View all supporting documents and auction terms and conditions on AuctionAdvisors.com. About AuctionAdvisors AuctionAdvisors is a full-service auction and marketing company. From real estate sales to business liquidations, its team of experienced professionals has been serving the bankruptcy community for more than a decade. With a broad national network and corporate offices in key markets, it provide creative and customized […]

Online Auction: April 30th at 3PM – May 7th at 5PM 2018 Hino 195 Refrigerated Truck Refrigerated Ford E250 Van Cargo Vans, Scissor Lifts, and More Office & Warehouse Equipment State court liquidation auction of multiple vehicles including: 2018 Hino Refrigerated Truck, Ford E250 Refrigerated Van, 2013 Chevrolet Express 2500 Cargo Van, 2005 GMC Savana 2500 Cargo Van, 2003 Ford E-350 Super Duty Cargo Van, Condor Model V1833XL 18’ Electric Scissor Lift, Up-Right Model XL-19 Electric Scissor Lift, 2000 Ford E350 Van with Bucket/Lift, Office Equipment and More! INSPECTIONS: Bidders may inspect the offering at 187-189 Foundry St Newark, NJ 07105 on the following dates and times: Friday, May 3rd from 12PM to 2PM. Multiple consignors, In the Matter of the General Assignment for the Benefit of Creditors of Holland Flowers, Inc. Steven Mitnick, Assignee. In the Matter of the TCJ II, LLC v. JJ Rosenberg Electrical Contractors, Inc. et […]

NOTICE OF PUBLIC SALE OF THE ASSETS OF AC BRETT EQUIPMENT CORPORATION BY ASSIGNEE FOR THE BENEFIT OF CREDITORS SALE OF ASSETS: Notice is hereby given that on Wednesday, April 24, 2019 at 2:00 pm, CDT (the “Date of Sale”), in 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 AC Brett Equipment Corporation d/b/a Brett Equipment Corporation (“Brett Equipment”), shall hold a public auction to offer for sale substantially all assets of Brett Equipment (collectively the “Sale Assets”). The deadline to submit a bid, as stated below, is noon CDT on April 23, 2019. The Sale 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 […]

NOTICE OF PUBLIC SALE OF COLLATERAL OF ADAMS ARMS, LLC PURSUANT TO THE FLORIDA UCC 1. Executive Summary. Pursuant to Chapter 679 of the Florida Statutes (the Florida Uniform Commercial Code), LB Merchant AA-2, LLC and David Nolan as Assignee from GF Ram II LLC, or their subsequent assignees (collectively, the “Lenders”), will conduct a public sale (the “Sale”) of all assets of Adams Arms LLC (“Collateral”) at 11:00 a.m., April 30, 2019, at the business premises of Adams Arms, LLC, 1551 Gunn Highway, Odessa, FL 33556. The Collateral is located at the business premises of Adams Arms, LLC and will be sold “AS IS” and “WHERE IS” in one lot. The Collateral may (or may not) be subject to superior leases or purchase money financing security interests. The Sale is being made by reason of default by Adams Arms, LLC (the “Debtor”), under security agreements between the Debtor and […]