July 28, 2020
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Cleanlight Power+Energy, Mt. Laurel, LLC

Lauletta Birnbaum, LLC, counsel for secured party, announces Article 9 auction of all the assets of Cleanlight Power+Energy, Mt. Laurel, LLC on July 31, including 100% of the membership interests of CleanLight Energy, LLC.
Click here for more information.
 

Direct to Consumer Catalog and E-Commerce Retailer

SEALEDBID announces chapter 11 363 sale of Import Specialties d/b/a Heartland America, a catalog and e-commerce company with loyal club membership, established in 1985, and trending towards 8% EBITDA for 2020 despite being in chapter 11 for nearly a year. August 4 bid deadline.
For more information, click here.
 

The Importance of Being Fastidious with UCC-3 Terminations and Continuations - Be Like Felix Unger

An error in a UCC-3 termination or continuation can affect priority of a party’s secured interest and lead to litigation. By paying close attention to UCC-1 financing statements and strengthening internal procedures, parties can avoid situations similar to that of General Motors and JP Morgan, in which GM filed a UCC-3 termination for the wrong loan. Dive into the ins and outs of UCC-3 filings in “Best Practices for UCC-3 Terminations and Continuations.” If you don’t get the Felix Unger reference, then you’ve been missing out.
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. Stock & ownership units - property management company - (24282)
  2. Real estate interests - commercial/hotel properties - (24284)
  3. Holding company - steel works business - (24278)
  4. 39.33± acres of land - (24280)
  5. Film distributor - (24283)

Private Company Sales

  1. Highway infrastructure construction company - (24289)
  2. Industrial facility - 82,000 sq. ft. - (24285)
  3. Fencing & gate fabrication business - (24286)
  4. Recovered metal processing business - (24288)
  5. Hemp processing business - (24287)

Assignment for the Benefit of Creditors Sales

  1. Chocolate distribution & franchising company - (24307)
  2. Fine jewelry inventory - 450 lots - (24274)
  3. Building contracting company - (24306)
  4. Produce distributor - (24304)
  5. Coffee distributor - (24305)

Chapter 11 - 363 Sales

  1. Direct to consumer catalog & E-commerce retailer - (24275)
  2. Manager of hospitality properties - (24110)
  3. Retail distribution business - (24095)
  4. Battery manufacturing plant - (24093)
  5. Kitchenware retailer - (24108)
  6. Hotel/inn - (24092)

Chapter 11 - Investment Banker Application Filed

  1. Biopharmaceutical company - (24276)
  2. Business services company - (24327)

Chapter 11 - Case Filing Indicates Future Asset Sale

  1. Manufacturer of gasoline engines - (24297)
  2. Specialty services retailer - (24298)
  3. Mining company - (24296)

Chapter 7 - Sale of Business Assets

  1. 7847 Sq. ft. ± Commercial building - (24325)
  2. Industrial & business equipment - (24324)
  3. Automotive servicing business - (24322)
  4. Industrial trucks & trailers - (24323)
  5. Trucking equipment - (24321)

Chapter 12 Bankruptcy

  1. No New Deals This Week
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Rating Agency Alerts/Other Signs of Distress

  1. Special purpose real estate management co. - (24290)
  2. Food supply chain holding company - (24294)
  3. Developer of crude oil properties - (24291)
  4. Waste processing business - (24292)
  5. Pharmaceutical company - (24293)

Auctions

  1. Agriculture equipment - Multiple lots - (24299)
  2. Industrial & agricultural equipment - (24300)
  3. Industrial equipment - 461 lots - (24301)
  4. Industrial machinery - (24303)
  5. Farm machinery - (24302)

Other Interesting Sales

  1. Electrical power generation system manufacturer - (24120)
  2. Chain of women's retail stores - (24114)
  3. Real estate investment trust - (24091)
  4. Medical cannabis producer - (24119)
  5. Oil & gas producer - (24118)

Bulk Sales

  1. Commercial laundry business - (24319)
  2. Commercial beverage license - (24318)
  3. Assisted living facility - (24315)
  4. Restaurant/pub - (24316)
  5. Sleep clinic - (24317)

Receiverships

  1. No New Deals This Week

Mass/Significant Layoffs

  1. Financial services & technology company - (24331)
  2. Sport service concession business - (24332)
  3. Logistics services business - (24330)
  4. Aircraft engine supplier - (24329)
  5. Steelwork manufacturer - (24328)

Plant/Facility Closings

  1. Chemical process technology company - (24312)
  2. Women's lingere & beauty retailer - (24313)
  3. Industrial packaging company - (24310)
  4. Title procurement business - (24309)
  5. Butane torch manufacturer - (24308)
  6. Department store chain - (24311)
View All Deals on DailyDac.com


 
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