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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

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 […]

The 2019 edition of Strategic Alternatives For And Against Distressed Businesses was just released by West Publishing Company. This 1,800+ page treatise, which is a product of more than 100 contributors, is the only resource which provides a state-by-state comparison on a chapter-by-chapter basis of assignments for the benefit of creditors and receiverships. DailyDAC / Financial Poise founder, Jonathan Friedland, a corporate structuring and restructuring attorney, is editor-in-chief.

R. Wayne Klein, Receiver for U.S. Ventures LC, Winsome Investment Trust, and all the assets of Robert J. Andres and Robert L. Holloway (the “Receiver”) in the civil case styled as U.S. Commodity Futures Trading Commission v. U.S. Ventures LC, et al, Civ. Case No. 2:11CV00099 BSJ (D. Utah) (“Civil Case”), gives notice of his intent to sell certain personal property consisting of 26 unsatisfied legal judgments held by the Receiver with face amounts totaling $9,255,807.77 (the “Judgments”) and potential residual assets received after the close of the Receivership (the “Residual Assets”) through a public auction to the highest bidder payable in lawful money of the United States on the 26th day of February, 2019 at the hour of 10:00 a.m. at the Third District Court of Utah, 450 South State Street, Salt Lake City, UT 84111, or as may be continued from time to time by the Receiver (the […]

New York, NY, January 7, 2019 – Keen-Summit Capital Partners LLC is pleased to announce the sale of the former Saint Catharine College campus in Springfield, KY. The property, which prior to Keen’s engagement, had been on the market for over one year, sold at auction. With five weeks to market the property, Keen generated 50 prospects and 10 qualified bidders. At the November 20, 2018 auction, the 90+ acre campus sold after spirited bidding for $2,400,000, one million dollars above the reserve price. Keen represented LS Associates, LLC, as Federal Receiver for the assets of Saint Catharine College, Inc. in the matter of The Huntington National Bank, as Trustee, v. Saint Catharine College, Inc., et.al., U.S. Dist Ct, W.D. KY Civil Action No. 3:16-cv-00465-DJH. “We are very pleased with the results of the auction process” said Robert Leasure, Jr., of LS Associates, LLC. “Keen did an excellent job generating […]

Bankruptcy Trustee Alex Moglia Announces Sale of Single Family Home in Chicago Spacious 5 bedroom/3 bathroom Greystone, located just off of King Drive in the Bronzeville/Kenwood neighborhood of Chicago. The home has hardwood floors throughout, custom wood work, and back yard space for entertaining. Great opportunity to rehab and live in, or flip. Close proximity to Lake Michigan, IIT, The Green Line, and Hyde Park. Please contact Joe Hosch, real estate agent for Alex Moglia, Bankruptcy Trustee, at 773.573.6712 with any questions and/or to schedule a viewing.

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