August 18, 2020
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Article 9 Sale - Goldberg Kohn announces…

August 20th sale of assets of EFREIGHT, LLC, EFSWW, LLC, Cartage Now, LLC, Archgate TMS, LLC, You & I Logistics, LLC, ExactDirect, LLC, efreightsolutions, LLC, and Efreightsolutions Holdings, LLC.

More Information Here
 

Article 9 Sale - Holland & Knight LLP announces...

UCC Article 9 sale of certain loans and other personal property of GEMCAP LENDING I, LLC and GC ACQUISITION I, LLC. Deadline to become a qualified bidder is September 11, 2020.

More Information Here.
 

The Ultimate "Chapter 11 Bankruptcy-101 / Lifecycle of a Distressed Business" Webinar

On June 23rd, eleven leading nonprofit trade organizations came together to produce an unprecedented four-hour webinar called OPPORTUNITY AMIDST CRISIS. The faculty/cast, composed of 16 professionals, uses a series of acted-out vignettes interspersed with traditional panel discussions to provide an incredibly comprehensive yet easily understood overview of the lifecycle and options of a financially distressed company. The on-demand version is available to purchase for $49.99. Buy it and watch it as many times as you like.

Read the full agenda, see a preview, read audience reviews, and download the 80+ page PowerPoint for free.
 

363 Sales vs. Article 9 Sales: Why Would a Secured Creditor Prefer One Over the Other?

Secured creditors often prefer selling their collateral in an Article 9 sale instead of using the 363 sale process offered by Chapter 11. Secured creditors can save money and time using the Article 9 sale process and avoid the “toll” that unsecured creditors can impose in the Chapter 11 process. We explain this further in: “90 Second Lesson: Selling Collateral in a 363 Sale vs Article 9 Sale.”
Latest Deals Added to the Opportunistic Deal Database
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. Campground (w/real estate) - 39.33± acres - (24569)
  2. Restaurant beverage license - (24568)
  3. Two commercial buildings - (24567)
  4. Furniture & collectibles - (24570)

Private Company Sales

  1. Interior design business (w/inventory & real estate) - (24543)
  2. Cultivation type 7 distribution business - (24541)
  3. Machine/welding & fabrication shop - (24542)
  4. Sheet metal manufacturing plant - (24546)
  5. Retail sports apparel inventory - (24545)

Assignment for the Benefit of Creditors Sales

  1. Full-service restaurant & entertainment venue - (24553)
  2. Shipping transport business - (24554)
  3. Investment holding company - (24552)

Chapter 11 - 363 Sales

  1. Retail chain – health & nutrition products - (24607)
  2. Manufacturer of small gasoline engines - (24608)
  3. Holding company - Women's retailer - (24605)
  4. Waste management company - (24603)
  5. Chain of specialty gift stores - (24601)

Chapter 11 - Investment Banker Application Filed

  1. Independent oil & natural gas company - (24598)
  2. Offshore drilling company - (24600)

Chapter 11 - Case Filing Indicates Future Asset Sale

  1. Casual dining restaurant/pizza chain - (24590)
  2. Investment management company - (24593)
  3. Retail holding company - (24592)
  4. Oil & gas producer - (24589)
  5. Mining company - (24591)

Chapter 7 - Sale of Business Assets

  1. Wood mizer & industrial trucking equipment - (24561)
  2. Quarry services company (w/equipment) - (24595)
  3. Tractors, trailers & farming equipment - (24562)
  4. Commercial property - four units - (24563)
  5. Die cast engineering company - (24594)

Chapter 12 Bankruptcy

  1. Livestock producer - (24587)

Rating Agency Alerts/Other Signs of Distress

  1. Advanced-stage gold exploration company - (24557)
  2. Worldwide e-commerce internet platform - (24559)
  3. Emerging growth gold mining company - (24555)
  4. Mining & exploration enterprise - (24558)
  5. Glass production company - (24556)

Auctions

  1. 150,000 Sq. Ft. Fabricating & Woodworking Facility - (24612)
  2. Custom Machining & Fabricating Facility - (24613)
  3. Land for investment - 2.25 Acres - (24611)
  4. (2) Parcels Totaling 1.874 Acres - (24610)
  5. 2,380 SF +/- Warehouse Condo - (24609)

Other Interesting Sales

  1. Manufacturer of direct seller of consumer products - (24548)
  2. Technology/telecommunication media content hub - (24550)
  3. Integrated solar products & services company - (24551)
  4. Mining & production of inorganic minerals - (24549)
  5. Flat-rolled steel producer - (24547)

Bulk Sales

  1. Commercial beverage license - (24535)
  2. Beverage & spirit's retailer - (24538)
  3. Retail grocery (w/fixtures) - (24540)
  4. Restaurant (w/equipment) - (24539)
  5. Full-service restaurant - (24537)

Receiverships

  1. Industrial transport business (w/equipment) - (24573)
  2. Commercial condominium - 1,800 sq. ft. - (24572)
  3. Industrial building - 32,800 Sq. Ft. - (24574)
  4. Multiple cemetery properties - (24571)
  5. Musical instrument retailer - (24575)

Mass/Significant Layoffs

  1. Transportation & logistics services business - (24586)
  2. Waste management services business - (24582)
  3. Manufacturer of industrial heaters - (24583)
  4. Entertainment steamboat/vessel - (24584)
  5. Commercial airline - (24585)

Plant/Facility Closings

  1. Manufacturer of medical instruments - (24578)
  2. Manufacturer of industrial burners - (24576)
  3. Commercial equipment merchant - (24577)
  4. Financial services company - (24580)
  5. Full-service restaurant - (24581)
View All Deals on DailyDac.com
 
DailyDAC, LLC
1954 First Street, Suite 178
Highland Park, IL 60035
847-463-9530
[email protected]