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About 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
NOTICE OF PUBLIC DISPOSITION OF ASSETS OF TELOS BRANDS INC. September 25, 2023 To: Attached Service List From: Boopos Warehouse LLC. 114 NW 25th Street Miami, FL 33127 NOTICE IS HEREBY GIVEN that Boopos Warehouse LLC, as a secured party (on behalf of itself and its affiliates, successors, and assigns, individually or collectively, the “Secured Party”), will sell the shares of Telos Acquisition Company 10, LLC, Telos Acquisition Company 11, LLC, Telos Acquisition Company 12, LLC, Telos Acquisition Company 13, LLC, Telos Acquisition Company 16, LLC, Telos Acquisition Company 17, LLC, Telos Acquisition Company 18, LLC, Telos Acquisition Company 19, LLC, (each a “Subsidiary” and collectively, the “Subsidiaries”), of Telos Brands Inc., a California corporation (the “Debtor”), to the highest or otherwise best qualified bidder(s) at a public disposition to be conducted on October 2nd 2023 (the “Sale”). The Secured Parties shall conduct the Sale in accordance with Article 9-610 and […]
An Article 9 foreclosure sale will be held for the assets of ONWRD, LLC on October 5th 2023 at 1:00 pm ET via Zoom,
When is a business turnaround no longer viable? Ask these questions to determine if you or your client’s business can be saved.
CRA is happy to announce that Matthew Brash has been appointed as the new State Director of Illinois
Notice of UCC Article 9 Sale **Sale Managed by ThreeSixty Asset Advisors Subject Company designs, sells, delivers, and installs modular dwelling units. Company leverages a network of contractors, consultants, and manufacturers to offer a turn-key experience for its customers. Company’s primary market since its inception was to sell its homes as Accessory Dwelling Units (ADU’s). However, Company has recently expanded its service offering to include developers looking to purchase bulk orders of modular units. Company has 3 modular home products (studio, 1-bed, 2-bed) that have California Statewide approval and are listed on the San Jose and Los Angeles pre-approved plans. In addition to their core products, Company designs custom units, both modular and on-chassis, for developers purchasing bulk orders. Since inception in 2019, Company has sold over 100 units and generated over $7MM in revenue. Collateral Includes, but is not limited to: 1 Bedroom ADU (located in Canada) Accounts Receivable […]
The assets of Clean Energy Systems Inc will be sold in a UCC sale on October 17, 2023 at 2:00 p.m. PT.
The assets of 432 FF&E Mezz LLC and FR-AM Two LLC will be sold on October 11 at 2:00 and 2:30 pm via Zoom auction.
Why would a secured creditor prefer to sell its collateral outside of bankruptcy? Here’s how time, money, and control differ in a 363 sale vs Article 9 sale.
UCC Secured Party Sale to sell at public auction all limited liability company interests held by Milber Holding LLC. The public auction sale will be held at 12:00 p.m. (EST) on September 12, 2023 via Zoom.
The business assets of the borrowers will be sold in a UCC sale that will take place on September 6th, 2023.