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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

PhysIQ Lending Group, LLC will sell the assets of PhysIQ, Inc. in a UCC Article 9 sale on November 30th at 10:00 am CT. Inquiries regarding the sale should be sent no later than November 27th at 4:00 pm CT. Professionals involved: Mark Radtke of Foley & Lardner LLP.

The assets of TopPop, LLC dba TopPop Packaging (“TopPop”) will be sold in a Chapter 11 363 sale on November 29 th, with a bid deadline of November 20th . The company is a processor and packager of alcoholic and non-alcoholic beverages into single-serve soft containers for various private-label vendors throughout the United States and Canada. Professionals involved: Richard S. Feinsilver, Esq

USCO I WAB LLC will sell its 100% interest in Mansani Holding Company Corp. will be sold in a UCC Article 9 sale on November 29th at 2:30 pm ET. The principal asset of Mansani is real property at 883-885 Bryant Avenue, Bronx, New York 10474. The bidder qualification deadline is November 28th by 4:00 pm ET. Professionals involved: Erick R. Vallely of Vallely Law PLLC.

Substantially all of the assets of Armor Health Management, LLC will be sold in a Florida assignment for the benefit of creditors (“ABC”) sale. Armor is engaged in the business of providing correctional health management and related services to patients in correctional or related facilities. Bids must be submitted by 5:00 pm ET on December 1st. Professionals involved: Daniel J. Stermer of Development Specialists, Inc. and Paul J. Battista and Alison Day of Venable.

Runway Growth Finance Corp. will sell substantially all of the assets Pivot3, Inc. (“Pivot3”), Pivot3 Holdings, Inc. (“Holdings”), Nexgen Storage, Inc.(“Nexgen”), PV3 (an Abc), LLC (the assignee pursuant to assignment for the benefit of creditors) (“Assignee”) in an Article 9 UCC Sale on December 15 th and any inquiries regarding the sale must be received by December 14 th at 12:00 pm PT.

A stalking horse bidder makes the first bid in an bankruptcy auction, setting the initial price and structure of the sale– but there are some disadvantages.

A Chicagoland-based landscaping subcontractor that specializes in erosion control, hardscaping, and soft-scaping services for major commercial and industrial projects in the Chicagoland area and throughout the State of Illinois and operates as a Minority Business Enterprise is being sold pursuant to an Illinois Receivership. Professionals involved: Biegel Macaraeg and Camryn Douglas of Newpoint Advisors Corporation. No deadline has been set.

Erica DeGlopper’s 48% distributional interest in Art Shay Archive Project, LLC will be sold on November 8th, 2023.

A distressed exchange offer allows a struggling company to purchase its outstanding debt securities by offering new securities rather than cash.

NOTICE OF PUBLIC DISPOSITION (BONEY ENTERPRISES LLC) Name of Debtor: Boney Enterprises LLC, a Nevada limited liability company NOTICE IS HEREBY GIVEN that Pizza Factory, Inc. (the “Secured Party”) will sell certain assets of the Debtor as described in the UCC Financing Statement filed by the Secured Party with the Nevada Secretary of State on September 19, 2022 (Filing No. 2022281254-5) (as described therein, the “Sale Assets”) to the highest qualified bidder at a public disposition as follows (the “Sale”): Day and Date: Tuesday, October 17, 2023 Time: 9:00 a.m. (prevailing Pacific Time) Place: Online via Zoom videoconference and telephone (Zoom and telephone information available upon request made to [email protected]) Any party wishing to bid on the Sale Assets at the Sale must qualify as a bidder by delivering proof (satisfactory to the Secured Party) of such party’s financial ability to consummate a sale of the Sale Assets to counsel […]

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