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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 an similar topics.


Articles by The DailyDAC Editors

JOINT NOTICE OF PUBLIC SALE: Sunburst Digital, Inc.

JOINT NOTICE OF PUBLIC SALE BY ORDER OF THE SECURED PARTY AND ASSIGNEE FOR THE BENEFIT OF CREDITORS OF SUNBURST DIGITAL, INC. SALE OF ASSETS: Notice is hereby given that on Wednesday, April 3, 2019 at 2:00 pm, CDT (the “Date of Sale”), in the offices of Rally Capital Services, LLC, 350 North LaSalle St, […]


90 Second Lesson: What is a “UCC Article 9” Sale?

QUESTION: Jack B. emailed, asking, “Please explain what an Article 9 sale is. My lawyer said that if I give a security interest to a lender, it can do an Article 9 sale.  What is an Article 9 sale?” ANSWER:   Well, Jack, Article 9 of the Uniform Commercial Code governs the relationship between a […]


90 Second Lesson: I’ve been asked to sign an involuntary bankruptcy petition. Should I?

QUESTION: The credit manager of an Akron-based company wrote, asking this: “One of our commercial accounts is pretty far behind in paying on our invoices. Another vendor approached me and asked me to join in signing an involuntary bankruptcy petition. Is there any legal risk in doing this? ANSWER: In a word, yes. If an […]


Commerical Bankruptcy Litigation

The 2019 edition of Commercial Bankruptcy Litigation was just released by West Publishing Company. This 2,000+ page treatise, with contributions from dozens of top firms across the US, is designed with the non-bankruptcy attorney intended to be its primary reader. The treatise is divided into three sections: (a) “Fundamentals,”, with chapters covering the basics of […]


90 Second Lesson: To Stalk or Not to Stalk? Why be a Stalking Horse Bidder?

QUESTION: Jamie S. emailed recently, asking “Can you please sum up the pros and cons of serving as the “stalking horse” in a bankruptcy sale? ANSWER: Yes, Jamie, we can. A stalking horse bidder plays an important role in many bankruptcy acquisitions, and one of the most important decisions confronting a purchaser in a bankruptcy acquisition […]


Strategic Alternatives For And Against Distressed Businesses

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 / […]


90 Second Lesson: How to assess whether a distressed business can be turned around?

QUESTION: Bill H., a business consultant in NYC, asks, how do I determine if a business I am being asked to help is just too far gone to save? ANSWER: Bill, if you have to ask this question, you might be doing your client a service by finding someone else who knows the answer already. […]


PUBLIC NOTICE: Sale of Judgments

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 […]


DEAL DONE! Keen-Summit Capital Partners LLC Sells Former College Campus at Auction

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 […]


PUBLIC NOTICE: Sale of Single Family Home in Chicago

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 […]


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