August 25, 2020
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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 11th.

More Information Here
 

Think Student Loans are Non-Dischargeable?
Think Again

As Mark Twain once wrote, the report of non dischargeability of student debt have been greatly exaggerated.
 

Buying, Selling & Working Out Distressed Assets in a Post Pandemic Environment

Financial Poise Productions is pleased to announce that Professor Ronald M. Shapiro will lead a live video panel conversation on September 11th, with panelists from Newmark Knight Frank, CWCapital, AuctionAdvisors, and Murphy Schiller & Wilkes LLP.
 

The Myth of the Newspaper Being a Commercially Reasonable Notice

Don’t fall prey to the common misconception that publishing a sale notice in the newspaper will inoculate a sale of distressed assets (whether in an ABC, receivership, Article 9, or bankruptcy) immune from attack.
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. Holding co - plasma gasification technology patents - (24632)
  2. Membership interests - consumer investment firm - (24629)
  3. Industrial/drilling equipment - Multiple lots - (24640)
  4. Restaurant furnishings & equipment - (24630)
  5. Industrial tools (w/real estate) - (24639)
  6. Software & technology investor - (24638)
  7. Financial services company - (24647)
  8. Bank holding company - (24631)

Private Company Sales

  1. Oil reserves (Mineral Rights) w/real estate - (24701)
  2. Cannabis edibles manufacturing facility - (24699)
  3. Machining/welding & fabrication shop - (24702)
  4. Sheet metal manufacturing plant - (24703)
  5. Liquor license & inventory - (24704)
  6. Gas station (w/inventory) - (24700)

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. Commercial real estate & property management co. - (24709)
  2. High end fitness center - gym leasehold interest - (24711)
  3. Development lot - 19,500 sq. ft. - (24713)
  4. 306 school buses & fixtures - (24712)
  5. Global franchising company - (24707)

Chapter 11 - Investment Banker Application Filed

  1. Manufacturer of automotive components - (24679)
  2. Hospital/medical center - (24678)
  3. Digital media company - (24677)
  4. Coal mining company - (24680)

Chapter 11 - Case Filing Indicates Future Asset Sale

  1. Catalog printing services company - (24672)
  2. Offshore shipping supply company - (24673)
  3. Mediterranean restaurant chain - (24676)
  4. Petroleum company - (24674)
  5. Energy company - (24675)

Chapter 7 - Sale of Business Assets

  1. Interest in a restaurant/cafe (w/intellectual property) - (24684)
  2. Interest in an capital/investment services company - (24681)
  3. Interest in a cosmetics business - (24682)
  4. Interest in bankruptcy judgement - (24685)
  5. Interest in a judgement - (24683)

Chapter 12 Bankruptcy

  1. No Chapter 12 Deal Added This Week

Rating Agency Alerts/Other Signs of Distress

  1. Asset management & retail brokerage company - (24657)
  2. Product & branding marketing company - (24659)
  3. Golfing/sporting goods company - (24658)
  4. Technology investment firm - (24655)
  5. Fintech company - (24656)

Auctions

  1. General merchandise & surplus inventory - 125 lots - (24627)
  2. Retail bulk inventory - shoes & apparel - (24696)
  3. Electrical shop - 3.28 acres - (24698)
  4. Cosmetics bulk inventory - (24695)
  5. Cropland for development - (24697)

Other Interesting Sales

  1. Provider of audio visual equipment - (24651)
  2. Performance additive producer - (24650)
  3. Outdoor & lifestyle retailer - (24654)
  4. Medical technology company - (24652)
  5. Dental services network - (24653)

Bulk Sales

  1. Commercial laundry business - (24687)
  2. Smog inspection business - (24689)
  3. Motorcycle dealership - (24688)
  4. Automotive supplier - (24686)
  5. Beverage license - (24690)

Receiverships

  1. Mixed-use condominium development - (24644)
  2. Industrial printing business - (24641)
  3. Social housing development - (24642)
  4. Film production company - (24645)
  5. Agriculture company - (24643)

Mass/Significant Layoffs

  1. Transportation contracting services firm - (24667)
  2. International aerospace manufacturer - (24671)
  3. Automotive components manufacturer - (24668)
  4. Meeting venue & convention center - (24670)
  5. Manufacturer of store fixtures - (24669)

Plant/Facility Closings

  1. Manufacturer of integrated power & propulsion equipment - (24661)
  2. Commercial vehicle steel wheel plant - (24662)
  3. Industrial wiring supplier - (24663)
  4. Crude oil processing plant - (24665)
  5. Industrial brake supplier - (24664)
View All Deals on DailyDac.com
 
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