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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

A UCC foreclosure sale of the 100% stock interest held by the Debtor in Queen Elizabeth Realty Corp will take place on March 13, 2024 at 12:00 p.m. The sale will be held at the offices of Goldberg Weprin Finkel Goldstein LLP, 125 Park Avenue, 12th Floor, New York, New York. Professionals Involved: Matthew Mannion, Auctioneer, Greg Corbin of Northgate Real Estate Group, Marketing Agent

When a seller of real property files for bankruptcy the purchaser has rights under the bankruptcy code and as an executory contract.

UCC PUBLIC SALE NOTICE PLEASE TAKE NOTICE that Arena Investors, LP (“Secured Party”) will sell the personal property consisting of machinery, equipment and ancillary items (the “Equipment”), of Can B Corp., a Florida corporation, aka Canbiola, Inc., together with its subsidiaries (collectively, “Debtor”) pledged by Debtor to Secured Party as security amounts due from Debtor to Secured Party, to the highest qualified bidder(s) by public sale on Thursday, February 22, 2024 starting at 10:00am Mountain Time. https://www.bidspotter.com/en-us/auction-catalogues/maynards-usa/catalogue-id-bscmayn10245 More information regarding the public sale, including, without limitation, the description of the Equipment, inspection of the Equipment, Terms and Conditions of sale, registration requirements to become a bidder and payment terms can be found at the auction website described above. You will be able to view the auction without registering to bid but you will need to register in advance and comply with the Terms and Conditions as found at the auction […]

PN2023, LLC will sell the assets owned by Galena Opportunity Fund LLC. All of Galena’s right, title and interest in, under, or with respect to Galena’s management and/or membership interests in Galena Qualified Opportunity Zone Business, LLC will be sold. The sale will take place on January 31, 2024 at 11:00 am CT. Bids may be in person or by telephone.

Saperean Largo Mezz, LLC, the “Secured Party,” will sell 100% of the membership interests, the “Collateral,” in Largo Senior Living, LLC, the “Mortgage Borrower.” Membership interests are currently owned by Largo Mezz, LLC, the “Debtor.” Mortgage Borrower owns the real property located at 360, 400 and 450 Sky Bridge Drive, Upper Marlboro, Maryland 20774. The public auction will be held on February 20, 2024 at 3:30 pm ET, by remote auction via Zoom. Professionals Involved: Thomas Tumbleson of Tumbleson Auction Company and Brock Cannon of Newmark

Notification of Disposition of Collateral at a Public Sale Name of Debtors:  RE-VC Visions Holdings, LLC, B&T Visions Holdings, LLC, Philip Proujansky Grasshopper Bank, N.A. (the “Secured Party”), is the holder of perfected security interests in certain collateral by the Debtors pursuant to (i) that certain Loan and Security Agreement, dated as of December 31, 2020 (as amended by the First Amendment to Loan and Security Agreement, dated as of December 31, 2021, as further amended by the Second Amendment to Loan and Security Agreement, dated as of January 30, 2022, and as further amended by the Third Amendment to Loan and Security Agreement, dated as of March 2, 2022, and as further amended, restated, amended and restated, modified or supplemented from time to time, the “Loan Agreement”); (ii) the Unconditional Secured Guaranty by the Corporate Guarantor, dated December 31, 2020 (as amended by the Affirmation and Amendment of Unconditional […]

Collateral owned by Pedavena Mould & Die Co., Inc. will be sold in a UCC Article 9 sale on January 30, 2024, at 1:00 pm PT. The assets to be sold consist of tangible and intangible assets used in the business of debtor The sale will take place online via Microsoft Teams. Professionals Involved: Joseph D. Brydges, Esq. and Justin M. Mertz, Esq. of Michael Best & Friedrich LLP.

Assets to be sold in this UCC include 200 Kent Avenue, a Class-A mixed-use building with multilevel retail space, office, and a parking garage component in Williamsburg, Brooklyn. Designed by ME Architect P.C., the 135,611-square-foot development stands 83 feet tall. The site is bound by Kent Avenue to the east, Metropolitan Avenue to the south, River Street to the west, and North 3rd Street to the north. Online bidding will be held via Zoom on February 21, 2024 at 3:30pm. Interested parties who intend to bid must reach out by February 16, 2024 at 3:30pm for Terms and Conditions of Sale and bidding instructions. Professionals Involved: Matthew D. Mannion of Mannion Auctions, LLC, Greg Corbin of Northgate Real Estate Group, and Jerold C. Feuerstein, Esq. of Kriss & Feuerstein LLP

NOTIFICATION OF PUBLIC DISPOSITION OF COLLATERAL December 30, 2023 TO:  Mawson Infrastructure Group Inc., Level 5, 97 Pacific Highway, North Sydney, New South Wales, Australia 2060 (the “Debtor”) WITH A COPY TO:  Each person or entity identified on Exhibit A attached hereto at the addresses provided therein FROM: W Capital Advisors Pty Limited ACN 160 360 476 as trustee for the W Capital Advisors Fund ABN 89 229 295 926 (the “Lender”) c/o: HFW Australia, Level 10, 126 Phillip Street, Sydney  NSW  2000 Attn:  Ranjani Sundar NOTICE IS HEREBY GIVEN that at the date, time and place set forth below, the Lender will offer for sale, at a public sale to be conducted in accordance with Article 9 of the Uniform Commercial Code, as enacted in all applicable jurisdictions (the “UCC”), at Littler Mendelson P.C., EQT Plaza, 625 Liberty Avenue, 26th Floor, Pittsburgh, PA 15222-3110, with the option to participate […]

After a year of Record Growth, the Commercial Receivers Association Closes out 2023 with the Appointment of Frank R. Simon as the new State Director of Michigan.

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