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IPC is a designer and seller of innovative pet products. All of its assets will be sold in its chapter 11 case.
More information on DailyDAC.
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One of the benefits of buying a distressed company through bankruptcy, as compared to alternative methods, surrounds the ways in which Bankruptcy Code §365 facilitates the assumption and rejection of the target’s executory contracts. Analyzing a target’s contracts can be time consuming and tedious, however, especially in the time constraints often imposed by the exigencies of an insolvent seller. AI may be able to assist, by reading and analyzing hundreds or thousands of contract provisions at a speed that makes us wonder if how near the singularity now is. Read more in “Analyzing Executory Contracts: Can AI Save Us from The Contract Tsunami?”
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Browse Financial Poise Webinars! Entertaining & informative webinars at incredible prices. Expert panelists. Delivered in plain-English. A perfect gift for a client, a referral source, a law student, an MBA student, a new corporate restructuring professional, and so many others! Browse some of these relevant topics now: Leveraged Finance - MBA Boot Camp - Newbie Litigator School - One Hour Law School (Mixed Topics) - PE, VC, and Hedge Funds Demystified - Board of Directors Boot Camp - M&A Bootcamp
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New subsection 541(b)(11) excludes from the estate “recovery rebates made under section 6428 of the Internal Revenue Code of 1986.” That IRC section was created by the CARES Act to empower the IRS to send federal coronavirus relief payments to taxpayers.
Read more here.
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Latest Deals Added to the Opportunistic Deal Database
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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 you can easily find these deals on our website by searching for this number.
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Secured Party Sales
- Maintenance equipment - Multiple lots - (26569)
- Real estate (w/6.25 acres) - (26567)
- CNC machining equipment - (26568)
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Private Company Sales
- Plastics injection molding manufacturer - (26580)
- Structural steel fabricator - (26579)
- Trucking & warehousing firm - (26576)
- Metal fabrication business - (26577
- Electroplating company - (26578)
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Assignment for the Benefit of Creditors Sales
- No new deals added this week.
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Chapter 11 - 363 Sales
- Manufacturer of telescope accessories - (26522)
- Jewelry retailer (w/real estate) - (26604)
- Retailer of pet products - (26602)
- Automotive dealership - (26606)
- Industrial equipment - (26608)
- Bail bonds business - (26610)
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Chapter 11 - Investment Banker Application Filed
- Financial holding company - Vitamin retailer - (26612)
- Industrial glass company - (26613)
- Transportation company - (26614)
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Chapter 11 - Case Filing Indicates Future Asset Sale
- Financial holding company - fitness franchise - (26615)
- Family-owned cheese producer - (26616)
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Chapter 7 - Sale of Business Assets
- Real estate (w/buildings & improvements) - (26599)
- Interest in two commercial condos - (26598)
- Home furnishings & collectibles - (26600)
- Dealer of building products - (26597)
- Tree services company - (26601)
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Chapter 12 Bankruptcy
- Farmland (w/real estate) - (26594)
- Full-service farm - (26593)
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Rating Agency Alerts/Other Signs of Distress
- Health management services co. - (26565)
- Business incubation company - (26561)
- Telecommunications company - (26562)
- Online mail order business - (26563)
- Biotechnology company - (26564)
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Auctions
- Supplier of commercial condensing boilers - (26555)
- Restaurant equipment, tools, & supplies - (26551)
- Custom engineered product manufacturer - (26554)
- Heavy industrial steel fabricator - (26553)
- Machine shop (w/equipment) - (26552)
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Other Interesting Sales
- Farming vehicles - Multiple lots - (26559)
- Farming machinery & equipment - (26558)
- Construction & farm equipment - (26556)
- Printing & publishing company - (26557)
- Industrial equipment - (26560)
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Bulk Sales
- Franchised fast food restaurant - (26574)
- Insurance agency - (26573)
- Beverage license - (26572)
- Billiards center - (26575)
- Restaurant/cafe - (26571)
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Receiverships
- No new deals added this week.
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Mass/Significant Layoffs
- Automotive industry supplier - (26589)
- Newspaper/media publisher - (26590)
- Pharmaceutical company - (26592)
- Office supplier - (26587)
- Coal supplier - (26588)
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Plant/Facility Closings
- Retail fulfillment center - (26585)
- Harness assembly company - (26582)
- Aluminum supplier - (26581)
- Plastics facility - (26583)
- Regional airline - (26584)
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DailyDAC, LLC
1954 First Street, Suite 178
Highland Park, IL 60035
847-463-9530
[email protected]
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