Receive this Newsletter February 4, 2020
 

Consumer Installment Loan Portfolio to be Auctioned on February 28

Holland & Knight to hold public sale of property (including consumer installment loans) of debtor Patriot Finance, LLC on behalf of secured party Congressional Bank on February 28 at 11:00 a.m ET. Interested parties may become qualified bidders by following procedures delineated in the the full Public Notice Here. Deadline to qualify is February 24.
 

More Risk, More Reward

Companies go bust all the time. And when they do, there can be fantastic buying opportunities. But buying a business, or business assets, from a financially distressed seller poses legal risks that are simply not present in the typical healthy company deal. How do you know when to proceed and when to walk away? If you want to proceed, how do you do so in a way that minimizes the risks?

Read more in “Buying Operating Assets from a Distressed Seller.”
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. Bar & grill (w/equipment) - (20958)
  2. Three multifamily homes - (20959)
  3. Real estate developer - (20956)
  4. Personal loan company - (21107)
  5. Two land parcels - (20955)
  6. Arcade business - (20957)

Private Company Sales

  1. Established day spa business - (20979)
  2. Established glass company - (20977)
  3. 2000 Hello local Domains - (20984)
  4. Equipment dealership - (20983)
  5. Turnkey machine shop - (20982)

Assignment for the Benefit of Creditors Sales

  1. Online eyewear retailer & supplier - (21115)
  2. Language service provider - (21116)
  3. Photo imaging business - (21113)

Chapter 11 - 363 Sales

  1. Fashion retailer - clothing & accessories - (21099)
  2. Multiple retail beverage/spirits licenses - (21088)
  3. Commercial building - 10 stories - (21090)
  4. Commercial home builder - (21092)
  5. Real estate developer - (21097)

Chapter 11 - Investment Banker Application Filed

  1. No New Deals This Week

Chapter 11 - Case Filing Indicates Future Asset Sale

  1. Trucking & logistics services company - (21123)
  2. Produce & supermarket chain - (21121)
  3. Assisted living facility - (21117)

Chapter 7 - Sale of Business Assets

  1. Membership interests - Multiple LLC companies - (21086)
  2. Supplier of electrical machinery & equipment - (21080)
  3. Business equipment - Multiple lots - (21077)
  4. Ski lift equipment & real estate - (21082)
  5. Real estate developer - (21101)

Chapter 12 Bankruptcy

  1. No New Deals This Week

Rating Agency Alerts/Other Signs of Distress

  1. Clinical-stage biopharmaceutical company - (21010)
  2. Developer of diagnostic imaging devices - (21006)
  3. Transportation services business - (21002)
  4. Online cryptocurrency exchange - (21005)
  5. Natural gas liquids company - (21011)

Auctions

  1. Production equipment - Multiple lots - (21111)
  2. Lighting equipment - Multiple lots - (21112)
  3. Trucking & automotive parts dealer - (21108)
  4. Six commercial condominiums - (21105)
  5. Commercial lighting dealer - (21110)
  6. Tools, dies fixtures - (21060)
  7. Machine shop - (20868)

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. Retail shipping franchisor - (21020)
  2. Retail/convenience store - (21015)
  3. Beverage/spirit retailer - (21018)
  4. Full-service restaurant - (21016)
  5. Day care center - (21017)

Receiverships

  1. 68 Unit Mobile Home Park - (20969)
  2. Car rental company - (20971)
  3. Country club - (20966)
  4. Nursing home - (20965)
  5. Golf course - (20973)

Mass/Significant Layoffs

  1. Trucking & logistics company - (21076)
  2. Supplier of custom bushings - (21073)
  3. Retail customer care center - (21072)
  4. Automotive parts plant - (21074)
  5. Furniture manufacturer - (21075)

Plant/Facility Closings

  1. Boxed chocolate producer - (20995)
  2. Metal finishing plant - (20992)
  3. Printing facility - (21000)
  4. Sugar refinery - (21001)
  5. Denim plant - (20994)
View All Deals on DailyDac.com


 
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