Receive this Newsletter February 18, 2020
 

PUBLIC NOTICE OF ASSET SALE: Intellectual Property & Assets of The Education Insurance Corporation

DSI ABCs LLC, as assignee for the benefit of creditors of The Education Insurance Corporation (“EIC”), an insurance technology company, announces the public sale of EIC’s intellectual property and substantially all of its other assets. All bids must be received by no later than 5:00 pm (prevailing Central time) on March 4, 2020. See the full Public Notice here.
 

The Chief Restructuring Officer: An Architect of Recovery, a Force for Change

The CRO’s role and responsibilities have evolved with changes to the Bankruptcy Code, convoluted capital structures and other factors. While this role may be ambiguous, it requires one to navigate an extreme and urgent environment while evaluating viability, creating a plan and dealing with potential threats from stakeholders. Having served as a CRO, Tommy Onich, BBA, CTP and President of TCMI, understands the CRO’s environment best. Read his article, “The Chief Restructuring Officer: Architect, Force and Leader Towards Recovery.”
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.

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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.
iGlobal - Real Estate Private Equity Summit

Secured Party Sales

  1. Archive of globally-known fashion designer - (21455)
  2. Furniture, household equipment & tools - (21457)
  3. Furniture & outside items & tools - (21458)
  4. Development land - 59.7 acres - (21459)
  5. Farming mill (w/equipment) - (21456)

Private Company Sales

  1. CNC Machining - Heavy Gauge Steel & Plate Boring business - (21472)
  2. Manufacturer of Aerospace & Automotive Components - (21471)
  3. Manufacturer of Industrial & Commercial Products - (21473)
  4. Industrial equipment & supply company - (21470)

Assignment for the Benefit of Creditors Sales

  1. Distributor of electrical stimulation medical devices - (21439)
  2. Electric scooter & bicycle sharing systems - (21440)
  3. Commercial construction company - (21434)
  4. Technology services company - (21437)

Chapter 11 - 363 Sales

  1. Interior decorating & design services business - (21468)
  2. Commercial-stage medical technology company - (21477)
  3. Custom design & fabrication firm - (21465)
  4. Professional services business - (21466)
  5. Real estate developer - (21467)
  6. Retail bike shop - (21469)

Chapter 11 - Investment Banker Application Filed

  1. Franchised restaurant chain - (21454)
  2. Energy services provider - (21453)

Chapter 11 - Case Filing Indicates Future Asset Sale

  1. Data storage & bitcoin mining company - (21484)
  2. Commercial bakery - (21482)
  3. Media company - (21483)

Chapter 7 - Sale of Business Assets

  1. Motorcycles/industrial trucks - Multiple lots - (21432)
  2. 68.05± acres of open pasture & timber - (21431)
  3. Commercial property - 2,435 sq. ft. - (21430)
  4. Food service equipment - (21429)
  5. Sea vessel - (21433)

Chapter 12 Bankruptcy

  1. No New Deals This Week

Rating Agency Alerts/Other Signs of Distress

  1. Distributor of branded athletic performance products - (21481)
  2. Customer management services provider - (21475)
  3. Telecommunications services provider - (21480)
  4. Niche biopharmaceutical company - (21479)
  5. Sporting goods retailer - (21474)

Auctions

  1. Commercial real estate/pallet shop - 6.14 acres - (21501)
  2. Farm Equipment & Guns and Fine Art - (21499)
  3. Historic city club (w/equipment) - (21500)
  4. Restaurant/cafe equipment - (21497)
  5. Hot rod shop - (21498)

Other Interesting Sales

  1. Chain of fast-casual restaurants - (21422)
  2. Financial technology company - (21424)
  3. Real estate management firm - (21427)
  4. Specialty chemical company - (21426)
  5. Independent film company - (21428)
  6. Digital media company - (21423)
  7. e-Commerce retailer - (21425)

Bulk Sales

  1. Franchised retail shipping business - (21441)
  2. Senior living facility - (21445)
  3. Bar & grill restaurant - (21443)
  4. Retail food market - (21444)
  5. Restaurant/cafe - (21442)

Receiverships

  1. Manufacturer of high-tech beer, spirits & coffee brewing appliances - (21460)
  2. Commercial window supplier & real estate holding company - (21463)
  3. Junior oil & gas company - (21464)
  4. 66-unit rental property - (21461)
  5. Bison ranch - (21462)

Mass/Significant Layoffs

  1. Manufacturer of aluminum & titanium forged product - (21491)
  2. Staffing & telecommunications services company - (21485)
  3. Trucking & logistics services company - (21489)
  4. Packaged goods & protein company - (21487)
  5. Healthcare organization - (21488)
  6. Food services company - (21490)

Plant/Facility Closings

  1. Vertically integrated manufacturing plant - (21495)
  2. Engineering & manufacturing services firm - (21493)
  3. Raspberry wholesaler - Agri-business - (21496)
  4. Trucking company - (21492)
  5. Wholesale bakery - (21494)
View All Deals on DailyDac.com


 
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