Notice of Secured Party Sale of Substantially all the Assets of Iconic Toy Brands, Alex Toys, LLC and Poof Slinky, LLC

Considerations for a Creditor Contemplating a Collection Action in the Chapter 7 and Chapter 13 Contexts

Upcoming Third Party Webinars Worth Noting

• Wednesday - A New Legal Tool for Struggling Small Businesses
  The Small Business Reorganization Act of 2019, which was modified on March 27, 2020 by the CARES Act, streamlines existing rules under Chapter 11 of the Bankruptcy Code to eliminate some of the more costly elements of traditional Chapter 11 cases and to promote simplicity and efficiency for reorganization of small-business debtors. Register here for this free webinar co-produced with TMA New Jersey.


• Thursday - Best Practices: Securing Capital for Opportunistic Investments
  With the global pandemic showing signs of some easing, attention is turning to how to put dry powder to work. If you are a private equity professional should you ask your limited partners for an extension of your investment period? Should you expand the scope of your investment mandate into credit, minority-stake or distressed deals? Should you raise a top-off fund or even a separate fund to take advantage of special situations both inside and outside your portfolio? Learn the pluses and minuses of these options this Thursday. Register here for a webinar co-hosted by PE Professional and Private Equity Career News.


• June 23 - Opportunity Amidst Crisis
  A virtual, on-line symposium for business owners, corporate directors and officers, private equity professionals, and others seeking to learn the ins and outs of dealing with a financially distressed company – whether running one, buying one, or trying to get paid by one. Unprecedented in format (it will be conducted as a three act play with audience interaction), this event is being co-produced by: Private Directors Association (PDA), Midwest Business Brokers and Intermediaries (MBBI), New York Institute of Credit (NYIC), Turnaround Management Association - New York City Chapter, (TMA-NYC), Financial Executives International - Long Island Chapter (FEI-LI), Financial Executives International - New York City Chapter (FEI-NYC), and Financial Poise / DailyDAC. Corporate Sponsors are AuctionAdvisors, BankruptcyData.com, and Private Equity Career News. For more information or to register, click here.

DailyDAC's Service Offerings: in case you don’t know, DailyDAC’s services include:

• DailyDAC’s Opportunistic Deal Database - DailyDAC’s ODD curates information about distressed companies and assets of distressed companies that are for sale and about other opportunities to acquire assets at a bargain price. ODD researchers do the obvious, like culling through 363 sale motions in every chapter 7 and 11 that is filed. But they do so much more. DailyDAC researchers review bankruptcy court dockets well before a 363 motion is filed, to determine if there is a likelihood of a later sale; and they monitor hundreds of other resources on a daily basis to locate opportunities stemming from assignments for the benefit of creditors, receiverships, Article 9 sales, and a myriad of other factors that are forward indicators of opportunities involving distressed companies and others who have an urgent need to sell. Additionally, legions of corporate restructuring and insolvency professionals affirmatively reach out to DailyDAC to list their opportunities on the ODD, even when they choose not to advertise elsewhere. DailyDAC is not a mere aggregation service; our analysts exercise real judgment in deciding what to list because we understand that our subscribers' time is valuable and limited. Membership to the ODD is limited to 300 people. Join now for only $99 per month without a long term commitment. Click here for more info or to join now.


• Public Notices - Because of its reach to a large universe of interested purchasers, DailyDAC is the venue of choice for assignees, debtors-in-possession, auction firms, investment bankers, law firms, secured creditors, trustees, receivers, and others who have a fiduciary or commercial duty to maximize the sale price of assets. To purchase a public notice ad that will be seen by tens of thousands of interested buyers, click here for more info or to purchase a public notice ad.


• Chapter 11 Bankruptcy Alert System. Free of charge and updated through the day every day, DailyDAC’s Chapter 11 Bankruptcy Alert System lists every new Chapter 11 case filed in the United States. Check it out here.


• The cornerstone of DailyDAC, true from the day it launched a decade ago, is the free education it provides to business owners, executives, investors, and general business attorneys and accountants. If you are part of the corporate restructuring, turnaround, and involvency community, then consider writing or speaking for DailyDAC or its sister brand, Financial Poise. No other thought leadership platform provides professionals with direct access to as many qualified potential clients and referral sources as does DailyDAC / Financial Poise. The antithesis of pay-to-play and a true meritocracy, one cannot buy her or his way into the DailyDAC / Financial Poise Faculty. If you are interested in contributing, please send an email to [email protected] and tell us about yourself and what you would like to write or speak about.