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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
The business assets of the borrowers will be sold in a UCC sale that will take place on September 6th, 2023.
The membership interests in Craft Opportunities LLC will be sold in a secured party sale on September 14, 2023 at 12pm PT.
Understand the ways in which distressed real estate is different from when an operating business in distress.
NOTICE OF DISPOSITION OF COLLATERAL OF A CANNABIS ENTERPRISE AT PUBLIC SALE Secured Party: Landrace Financial, LLC, c/o Much Shelist, P.C., 660 Newport Center Drive, Suite 900, Newport Beach, CA 92660, (“Secured Party”) Debtor: No. 23 Operations, Inc., a California corporation (“Debtor”) Collateral Being Sold: All of the personal property of the Debtor, including certain Cannabis extraction and filling equipment. Secured Party is the secured party with respect to certain indebtedness owed by Debtor pursuant to the terms of those (a) that certain Equipment Lease Agreement dated November 20, 2019 (as amended, the “Equipment Lease”) by and between Debtor and Secured Party and (b) that certain Secured Loan and Debenture Agreement dated November 21, 2019 (as […]
Understand what the “in pari delicto” defense is and how it can be used in a bankruptcy proceeding to protect yourself.
NOTICE OF PUBLIC DISPOSITION OF COLLATERAL Name of Debtor: Myles Athletic, Inc. Notice is hereby given that Settle Funding, LLC, 29 West 17th Street, 5th Floor, New York, NY 10011 (Telephone: (312) 602-5151) (the “Secured Party”) will sell the collateral described in the UCC Financing Statement filed by the Secured Party with the Delaware Secretary of State on September 6, 2022 (Filing No. 2022 7453848) (as described therein, “Collateral”) to the highest qualified bidder in public as follows (the “Sale”): Day and Date: Thursday, August 24, 2023 Time: 2:00 p.m. (Prevailing Central Time) Place: Bryan Cave Leighton Paisner LLP […]
Notice of Public Auction Certain Assets of Hylete Inc. a Delaware Corporation The assets to be sold consist of certain intangible assets used in the business of Hylete, Inc. a Delaware Corporation, including patents, trademarks, domain name, website, customer list, and other intangibles. By Order of Secured Creditor UCC 9-610 Foreclosure Auction Location: Online via zoom Date: August 10, 2023 • Time: 11:00 AM PDT Call or email request for more information: Brian Testo, Brian Testo Associates, LLC (818) 592-6592 x101 or [email protected] www.btesto.com
Please take notice that on July 14th, 2023 Eric Moraczewski, Court-Appointed Successor Receiver of CannaVer, LLC, received approval for the sale of assets, licenses, and property of the business. The following assets (“Successor Receiver Asset Package”) shall be the subject of the Auction to be held on August 18, 2023, which stall start at 1:00p CST at the law office of Lathrop GPM LLP, 7701 Forsyth Blvd., Ste. 500, Clayton MO 63105: Two Infused Product Manufacturing Facility Licenses issued by the Missouri Department of Health and Human Services related to Cannabis, specifically Licenses MAN000071 and MAN000073; 100% interest in the property commonly known as 12035-12045 Missouri Bottom Road, Hazelwood, MO 63042; Equipment and fixtures purchased and utilized by CannaVer in the operation of its business; and Intellectual Property including but not limited to recipes and techniques and methods related to cannabis productions. The Successor Receiver has also identified five appeals […]
NOTICE OF PUBLIC SALE OF COLLATERAL On the 29th day of September, 2023, commencing at 10 a.m. prevailing Eastern Time, in front of the New York County Supreme Court, located at 60 Centre Street, New York, New York, PFP Holding Company VI, LLC (“Secured Party”) shall cause the following property to be sold by public auction to the highest qualified bidder: 100% of the membership interests in Hertz Cleveland 600 Superior, LLC, a Delaware limited liability company, which is the owner of certain real property and personal property, including that certain real property, and improvements thereon, located at 600 Superior Avenue, Cleveland, Ohio 44114. The membership interests are being offered as a single lot on an “as-is, where-is” basis, with no express or implied warranties, representations, statements or conditions of any kind made by the Secured Party or any person acting for or on behalf of the Secured Party, without […]
NOTIFICATION OF DISPOSITION OF COLLATERAL To: Tomia Beauty Brands, LLC and all interested parties From: Lucky Color Israel, Inc. (as successor to Decathlon Alpha IV, L.P.) c/o Steven M. Berman, Esq. Shumaker, Loop & Kendrick, LLP 101 E. Kennedy Blvd., Suite 2800 Tampa, FL 33602 (813) 229-7600 Name of Debtor(s): Tomia Beauty Brands, LLC (“Company”) Collateral: All property of the Company wherever located and however described and whether or not constituting a fixture, together, in each case, with all proceeds thereof. The above-described Collateral will be sold by private auction on Monday, August 14, 2023, at 4:00 p.m. EST at the office of the above-referenced counsel. Qualified bidders may appear in person or virtually via Zoom video conference. Full details, terms, and conditions of the auction, and a full description of all collateral, may be obtained by contacting counsel above or at https://www.shumaker.com/notification-of-disposition-of-collateral. The debtor, Tomia Beauty Brands, LLC, is […]