Receive this Newsletter June 23, 2020   Sealed-Bid Auction - July 31 Bid Deadline HYPERAMS Announces Sealed Bid Sale of 72-Acre State-of-the-Art Wood Pellet Manufacturing Plant near Fredericksburg, Virginia. For more information, including how to bid, click here.   Two’s Company But Three’s a Crowd It’s reasonable to think that a company entering into bankruptcy has attorney-client privilege with regard to strategy, legal analysis, plans for the company’s assets, etc. Well, think again. Three may be company if you frequent the Regal Beagle but not if you’re not anticipating the third party. Read more in “Corporate Attorney-Client Privilege is in the Hands of the Bankruptcy Trustee."   Substituting Apples for Oranges in a Chapter 11 Cramdown: How to Deal with a Hostile Lender As a distressed company, your creditor may have a lien on an asset that you wish to continue using while in chapter 11 (e.g., Apple Acre). If your creditor is not willing to accept your reorganization plan because of this lien, you may be able to work around the issue by using substitute collateral (you guessed it... Orange Acre). But first - you have to pass the “indubitable equivalence“ test. Read more in “Kuney’s Corner: Giving Secured Creditor Substitute Collateral in a Chapter 11 Cramdown.” Or, perhaps you were hoping to read more about the famous boy band, the always sexy, The Indubitable Equivalents? 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 Multiple real properties - Over three acres - (23848) Commercial building - 37.77 acres - (23849) Commercial beverage license - (23850) Guns, ammunition & knives - (23851) Private Company Sales Industrial Tooling & Machining - Molds Making Shop - (23854) Type 7 Manufacturing & distribution business - (23856) CNC & Metal Fabrication Shop (w/equipment) - (23852) Sheet metal manufacturing plant - (23855) Trucking terminal - 5 acres - (23853) Assignment for the Benefit of Creditors Sales Commercial stucco & stone finishing contractor - (23781) Automotive & trucking repair business - (23878) Transportation services business - (23779) Business asset holding company - (23780) Chapter 11 - 363 Sales Multiple transportation vehicles - (23869) Commercial property - .685 acres - (23868) Industrial transportation company - (23872) Luxury jewelry - Multiple lots - (23870) Trucking company - (23871) Chapter 11 - Investment Banker Application Filed Holding company - Healthcare system - (23786) Chapter 11 - Case Filing Indicates Future Asset Sale No New Deals This Week Chapter 7 - Sale of Business Assets Industrial transportation equipment - (23867) Industrial equipment dealership - (23783) 4.23 acres commercial land - (23784) 2.23 acres commercial land - (23785) Gymnastics center - (23782) Chapter 12 Bankruptcy No New Deals This Week Rating Agency Alerts/Other Signs of Distress Holding company - Gourmet & snack foods distributor - (23788) Provider of wireless & IP address services - (23791) Online automotive retailer - (23789) Specialty coffee company - (23790) Biotechnology company - (23792) Auctions Commercial real estate (w/equipment) - (23884) Woodworking machinery & equipment - (23880) Transportation fleet & equipment - (23885) Industrial & office equipment - (23887) Trucks, machinery & lumber - (23881) Agriculture equipment - (23883) Farming machinery - (23886) Other Interesting Sales Healthcare management & consulting services - (23842) Distributor of healthcare related products - (23845) Table glass & stemware manufacturer - (23847) Manufacturer of smart cards - (23846) Private equity firm - (23843) Mining corporation - (23844) Bulk Sales Hand-crafted food & restaurant - (23876) Pizza restaurant (w/equipment) - (23877) Fitness center (w/equipment) - (23874) Full-service restaurant - (23875) Gift retailer - (23879) Receiverships Financial asset management firm - (23837) Tissue culture research company - (23839) Commercial land - 3.66 acres - (23840) Oilfield services provider - (23838) Mass/Significant Layoffs Remediation services business - (23865) Automotive glass manufacturer - (23862) Commercial catering company - (23861) Full-service hotel/casino - (23863) Specialty contracting co - (23866) Plant/Facility Closings Snack food dealer & distributor - (23857) Automotive metal stamping plant - (23858) Educational services provider - (23859) Real estate brokerage - (23860) View All Deals on DailyDac.com   DailyDAC is a publication of DailyDAC,LLC. DailyDAC LLC is strictly a research publishing firm and falls within the publisher's exemption of the definition of an "investment advisor" and is of general and regular circulation. DailyDAC is not a registered broker/dealer and it is not an investment bank or business broker. DailyDAC is not a solicitation or offer to buy or sell any securities. All content in this email is copyright 2020 by DailyDAC, LLC and may not be reproduced without written permission of DailyDAC, LLC but this email may be forwarded freely in its entirety. DailyDAC, LLC provides continuing education and information for business owners and executives, accredited investors, and their respective trusted advisors (primarily attorneys, accountants, and other financial and business advisors.) For more information about DailyDAC LLC, click here. DailyDAC, LLC 1954 First Street, Suite 178 Highland Park, IL 60035 847-463-9530 [email protected]