January 5, 2021
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The Lifecycle of a Chapter 11 Case

Like so many things, a chapter 11 case can be thought of as having distinct stages. Understanding chapter 11 by reference to these stages makes it far easier to understand the entirety of the chapter 11 process.

Read more in The Lifecycle of a Chapter 11 Case.
 

Cash is King

If there is one balance sheet item that matters more than any other on the balance sheet of a distressed company, Cash and Cash Equivalents. And for the same reason, the statement of cash flow is the most important financial statement such a company has. Read more in "The Importance of Liquidity in the Capital Structure of a Distressed Company."
 

Sponsorship Opportunities

This is the time of year DailyDAC / Financial Poise seeks sponsors for its upcoming webinar season, which begins in late January. Financial Poise Webinars will be purchased in 2021 by more than 30,000 attorneys + large number of business owners, executives, and accredited investors. Our newsletters and websites are read by far larger numbers. DailyDAC / Financial Poise limits the number of sponsorships so that no sponsor is drowned out by the noise of too many other sponsors, and sponsorships are category exclusive so that a sponsor knows a competitor will not also be a sponsor. Email [email protected] to express your interest in having a conversation.
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 you can easily find these deals on our website by searching for this number.

Secured Party Sales

  1. 2,851+/sq.ft Commercial Building - (26641)
  2. Trampoline park (w/equipment) - (26640)
  3. Lease & finance company - (26639)
  4. Three real properties - (26644)
  5. Restaurant equipment - (26643)

Private Company Sales

  1. Butane/propane cannabis processing facility - (26686)
  2. Agriculture/processing facility - 80 acres - (26687)
  3. Food & beverage processing facility - (26688)
  4. Warehouse portfolio - 5 leased - (26685)
  5. Gas station land development - (26684)

Assignment for the Benefit of Creditors Sales

  1. No new deals added this week.

Chapter 11 - 363 Sales

  1. Commercial land parcel - 254.31+/- acres - (26678)
  2. Farm equipment - Multiple lots - (26702)
  3. Desktop computers & servers - (26679)
  4. Farmland - 20 acres - (26701)

Chapter 11 - Investment Banker Application Filed

  1. Global internet services company - (26649)
  2. Industrial flooring company - (26650)
  3. Industrial glass company - (26652)
  4. Nutraceuticals retailer - (26651)
  5. Transportation company - (26653)

Chapter 11 - Case Filing Indicates Future Asset Sale

  1. Healthcare services business - (26646)
  2. Assisted living business - (26648)
  3. Eldercare facility - (26647)

Chapter 7 - Sale of Business Assets

  1. Furnishings, antiques & collectibles - (26670)
  2. Underground utility company - (26672)
  3. Real estate - 94 acres - (26671)
  4. 90+/- surface acres - (26673)

Chapter 12 Bankruptcy

  1. No new deals added this week

Rating Agency Alerts/Other Signs of Distress

  1. 3D modeling technology company - (26660)
  2. Pharmaceutical drug developer - (26661)
  3. Telecommunications company - (26663)
  4. White label card business - (26664)
  5. Pharmaceutical company - (26662)

Auctions

  1. Custom engineered product manufacturer - (26675)
  2. Industrial equipment - Multiple lots - (26674)
  3. Fabricating & welding machinery - (26676)
  4. Fabrication plant (w/equipment) - (26677)
  5. Agricultural equipment - (26703)

Other Interesting Sales

  1. Guns, coins, farm toys, collectibles - (26669)
  2. Agriculture property - 490 acres - (26667)
  3. Farming property - 170 acres - (26665)
  4. Farmland - 1,038 sq. ft. - (26668)
  5. Dairy farm - 144 acres - (26666)

Bulk Sales

  1. iPhone repair business (w/equipment) - (26654)
  2. Industrial cleaning business - (26658)
  3. Metal recycling company - (26657)
  4. HVAC services business - (26655)
  5. Full-service restaurant - (26659)

Receiverships

  1. Investment services company - (26683)
  2. Two apartment complexes - (26681)
  3. Retail shopping mall - (26682)
  4. Shopping center - (26680)

Mass/Significant Layoffs

  1. Transportation & energy services company - (26698)
  2. Industrial equipment manufacturer - (26697)
  3. Oil & natural gas company - (26699)
  4. Oil & energy company - (26700)

Plant/Facility Closings

  1. Hammer & press forging plant - (26689)
  2. Sensor technology company - (26692)
  3. Undergarment manufacturer - (26690)
  4. Hotel & resort - (26691)
  5. Home builder - (26693)
View All Deals on DailyDac.com
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