Receive this Newsletter April 7, 2020
 

One Day Auction: Large-Scale, Specialized Hemp CBD Equipment

Unique opportunity to purchase like-new, state of the art equipment required for all facets of hemp cannabidiol (“CBD”) farming, drying, and extraction. Public auction conducted on Thursday, April 16, 2020, at 10:30 a.m. at the New York office of Fox Rothschild LLP. See the full public notice here.
 

This is Not a Test

DailyDAC is pleased to announce the debut of its Chapter 11 Bankruptcy Alert System. Updated throughout the day, seven days a week, DailyDAC’s Chapter 11 Bankruptcy Alert System lists every new Chapter 11 case filed in the United States in near real time and at no charge. Check it out today!
 

Learning From History - What an Ancient Greek Playwright Can Teach You About the Consequences of Fraud and Deception in Bankruptcy

Aristophanes, a Greek playwright, wrote a play about a father who attempts to teach his son how to deceive creditors to avoid paying off his debts. In the article Fraud and Deceit in Bankruptcy Cases - Lessons from “The Clouds," the DailyDAC Editors use the lessons learned from the play to advise against engaging in fraudulent and deceptive acts, and we discuss some cases in which bad actors faced consequences for their fraud and deception.
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.

Secured Party Sales

  1. Former tanning salon (w/equipment) - (22439)
  2. Furniture, collectibles & tools - (22435)
  3. Space & aviation collectibles - (22436)
  4. Ceramics collection - (22438)
  5. Beverage company - (22434)

Private Company Sales

  1. Food concession supplies & manufacturing business - (22424)
  2. Distribution & Supply Business - (22422)
  3. Concrete Construction Business - (22423)
  4. Craft Beer Manufacturer - (22425)
  5. Wood fabrication plant - (22426)

Assignment for the Benefit of Creditors Sales

  1. Commercial gutter repair company - (22419)
  2. Jewelry & watch retailer - (22418)
  3. Securities brokerage - (22420)

Chapter 11 - 363 Sales

  1. Management services business (w/equipment) - (22504)
  2. Industrial land & supply business - (22505)
  3. Farming/agriculture business - (22511)
  4. Hospital/medical facility - (22492)
  5. Full-service resort - (22502)

Chapter 11 - Investment Banker Application Filed

  1. Senior care/assisted living facility - (22487)
  2. Veterinary care business - (22486)

Chapter 11 - Case Filing Indicates Future Asset Sale

  1. Trucking & logistics company - (22488)
  2. Medical office building - (22496)
  3. Lamb ranching business - (22491)
  4. Biotechnology company - (22490)

Chapter 7 - Sale of Business Assets

  1. Store fixtures & Meat processing equipment (multiple lots) - (22454)
  2. Moving trucks, vans, forklifts & moving supplies - (22453)
  3. Construction company (w/remnant assets) - (22445)
  4. Corporate membership interests - (22449)
  5. Financial claims - (22451)
  6. Pending lawsuit - (22447)

Chapter 12 Bankruptcy

  1. No New Deals This Week

Rating Agency Alerts/Other Signs of Distress

  1. Distributor of specialty pharmaceutical products - (22443)
  2. Restaurant & entertainment services chain (22441)
  3. Owner of natural gas licenses - (22442)
  4. Biopharmaceutical company - (22444)
  5. Vitamin retailer - (22440)

Auctions

  1. Industrial cookie cutter machines - Multiple lots - (22485)
  2. Industrial bailer/paper shredders - (22484)
  3. Commercial land - 80 acres - (22482)
  4. Large machinery/shop tools - (22483)
  5. Bar & grill (w/equipment) - (22481)

Other Interesting Sales

  1. Logistics & transportation company - (22459)
  2. Distributor of cannabis products - (22458)
  3. Payment technology company - (22456)
  4. Medical technology company - (22455)
  5. Cannabis producer - (22457)

Bulk Sales

  1. Trailer parts & repair business - (22476)
  2. Commercial beverage license - (22477)
  3. Commercial laundromat - (22474)
  4. Cafe/restaurant - (22475)
  5. Tire dealer - (22479)

Receiverships

  1. Developer of modular building construction projects - (22429)
  2. Integrated energy services company - (22428)
  3. Retail property - 17,220 sq. ft. - (22433)
  4. Multi-unit apartment complex - (22427)
  5. Branded hotel property - (22431)
  6. Clothing brand - (22430)

Mass/Significant Layoffs

  1. Supplier of transportation equipment - (22470)
  2. Hotel/Real estate business - (22472)
  3. Resin manufacturing plant - (22471)
  4. Full-service restaurant - (22468)
  5. Metal stamping plant - (22469)

Plant/Facility Closings

  1. Commercial printing business - (22465)
  2. Battery manufacturing plant - (22466)
  3. Freight trucking company - (22467)
  4. Construction business - (22462)
  5. Courier business - (22464)
  6. Iron foundry - (22463)
View All Deals on DailyDac.com


 
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