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January 21, 2020
 

Public Notice of Bankruptcy Auction

38.56 +/- Acres Directly on the Las Vegas Strip, across from the Mandalay Bay. Bid Deadline is April 30, 2020; auction is May 19, 2020. Stalking horse offers will be considered. Offer presented by Keen-Summit Capital Partners LLC and Colliers International. For more information, click here.
 

Public Notice of Assignee Auction

Substantially all the assets of M&M Pump & Supply, Inc. (“M&M”) will be sold by Assignee Howard Samuels of Rally Capital on January 31 at 2:00 pm, CST. Stalking Horse Bidder, a related third party, has submitted an Asset Purchase Agreement to pay $2,599,618.33 plus the assumption of certain of M&M’s obligations plus all interim advances advanced by the Stalking Horse Bidder to operate the business from January 9, 2020 through the Auction Date. For more information click here.
 

90 Second Lesson: Is Bankruptcy Needed if Creditors Will Just Agree to Take Less?

If your company is in distress, bankruptcy is not always (and in fact is rarely) the only option. If your creditors are willing to work with you to take less, for example, then a composition agreement may be just what the doctor (lawyer) ordered. Read more in 90 Second Lesson: Is Bankruptcy Needed if Creditors Will Just Agree to Take Less?
 

No One is an Island

You may know something about bankruptcy. You may know a lot about bankruptcy. But bankruptcy doesn’t happen in a vacuum. Other areas of law impact nearly every business bankruptcy case. Labor/Employment, Tax, and Environmental issues, for example, can have a major effect on a case. Go get a quick overview of the intersection of bankruptcy and these and these other areas at Financial Poise Webinars’ Bankruptcy Intersections series.
 

Doing Deals in Bankruptcy

Corporate transactions are fraught with complicated legal, business, and financial issues. And transactions in the context of a bankruptcy proceeding often adds a further layer of complexity. Attend the Financial Poise Webinars series, Bankruptcy Transactions to learn about:
  • Buying Assets from Bankrupt Companies
  • Bankruptcy Claims Trading
  • Negotiating and Drafting Cash Collateral/DIP Financing Orders
About the Opportunistic Deal Database
Vulture Investors Take Note:

Looking to buy companies out of bankruptcy? Assets of financially distressed companies in receivership, assignment or from lenders who have foreclosed on, and are selling, their collateral under Article 9 of the UCC? Search for excess assets resulting from plant closings? Targeting other sellers who need to sell urgently and other opportunistic/special situations?

Check out DailyDAC's Opportunistic Deal Database (ODD). The ODD culls such opportunities.

Subscribe here for access
The deals listed here were added to the ODD throughout the seven day period ending this past Sunday. The number in parentheses next to each deal is its unique ID number, included so our paid subscribers can easily find these deals on our website.

Secured Party Sales

  1. Automotive parts retailer (real estate & inventory) - (20890)
  2. Guns, furniture & household collectibles - (20889)
  3. Two story commercial building (w/land) - (20891)
  4. Real estate - 58,810 sq. ft. - (20888)
  5. Ice cream equipment - (20887)

Private Company Sales

  1. Oil, Proven Reserves (Mineral Rights) With Land - (20879)
  2. Rare Dual Dispensary and Cultivation - (20881)
  3. Hair Salon/Fully Equipped Spa - (20878)
  4. Patented gold mine claims - (20877)
  5. HIIT GYM Equipment - (20880)

Assignment for the Benefit of Creditors Sales

  1. Owner & operator of luxury salons & spas - (20870)
  2. Contact lense & eyewear retailer - (20869)
  3. Machine shop - (20868)

Chapter 11 - 363 Sales

  1. Neuromodulation medical device company - (20873)
  2. Industrial rigging services business - (20907)
  3. Commercial construction company - (20918)
  4. Packaging company - (20919)
  5. Real estate group - (20916)

Chapter 11 - Investment Banker Application Filed

  1. Manufacturer of textile furnishing products - (20872)
  2. Veterinary services business - (20875)
  3. Business holdings company - (20876)

Chapter 11 - Case Filing Indicates Future Asset Sale

  1. Chain of accessory retail stores - (20901)
  2. Restaurant holding company - (20898)
  3. Franchised candy retailer - (20899)
  4. Healthcare organization - (20900)
  5. Dairy company - (20897)

Chapter 7 - Sale of Business Assets

  1. Gaming company (w/inventory & equipment) - (20913)
  2. Beverage/spirits retailer (w/inventory) - (20910)
  3. Commercial beverage license - (20922)
  4. New ice machines & coolers - (20909)
  5. 21 residential properties - (20912)
  6. Diagnostic equpiment - (20911)

Chapter 12 Bankruptcy

  1. No New Deals This Week
iGlobal Forum - Independent Sponsor Summit

Going Concern Opinions

  1. Colored diamond purchasing & exploration company - (20930)
  2. Software technology platform - (20871)
  3. Real estate holding company - (20929)
  4. Soil conservation company - (20927)
  5. Nutraceutical developer - (20931)
  6. Biotechnology company - (20928)

Auctions

  1. Trucks, Tools, Equipment & Welding Supplies - (20893)
  2. Coca cola collectibles - Multiple lots - (20892)
  3. Vacant commercial land - 4.5 acres - (20896)
  4. Performance parts dealer - (20894)
  5. Restaurant business - (20895)

Other Interesting Sales

  1. Oil & gas exploration company - (20486)
  2. Biopharmaceutical company - (20482)
  3. Ceramics proppant supplier - (20481)
  4. Financial services company - (20483)
  5. Medical device company - (20485)

Bulk Sales

  1. Franchised family restaurant - (20925)
  2. Franchised ice cream shop - (20923)
  3. Restaurant/bar & grill - (20926)
  4. Salon & barber shop - (20924)

Receiverships

  1. 1 Parcel of Farmland & Bin Yard 160.66± Title Acres - (20882)
  2. Land for development - 15,000 sq. ft. - (20886)
  3. Oil & gas service & supply company - (20884)
  4. NFL helmet manufacturer - (20885)
  5. Pecan producer - (20883)

Mass/Significant Layoffs

  1. Prefabricated building manufacturer - (20944)
  2. Psychiatric medical facility - (20943)
  3. Trolly transportation company - (20941)
  4. Rail transportation company - (20940)
  5. Hardware manufacturer - (20942)

Plant/Facility Closings

  1. Commercial gluten-free bakery - (20934)
  2. Engineering services company - (20937)
  3. Window & door manufacturer - (20936)
  4. Full service restaurant - (20938)
  5. Paperboard mill - (20939)
View All Deals on DailyDac.com


 
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