February 9, 2021
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Brush Up on Business Bankruptcy

Need to brush up on business bankruptcy. Want to learn while you laugh, or at least stay awake? Check out these Financial Poise Webinar Series:

The Intersection of Bankruptcy and…Tax Law
The Intersection of Bankruptcy and… Labor/Employment Law
The Intersection of Bankruptcy and… Intellectual Property Law
The Intersection of Bankruptcy and… Environmental Law
 

National Educational Event Calendar for Trusted Business Advisors

Are you looking for educational or networking events related to accounting, business law, business management, commercial credit, corporate growth, fiduciary duties and board of directors, hedge funds, M&A, private equity, investing, turnarounds & insolvency, venture capital, and related topics? Look no further. Check out the National Educational Event Calendar for Trusted Business Advisors.
 

Axl Rose, Creative Destruction and Other Lessons from the Penthouse Magazine Bankruptcy

After three bankruptcies, Penthouse, the once giant of its industry, was finally outpaced by new, more modern players. Although Penthouse had substantial assets and a name that carried weight, its debt structure posed too big of a problem for a company unable to adapt to the times. Learn how different types of credit and interest rates can spell disaster, even for a company purchased at a seemingly unbeatable price. Read “From Penthouse to Ground Floor: The Penthouse Magazine Bankruptcy.”
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. Membership Interests - investment services co. - (27127)
  2. Membership interests - restaurant/bar - (27125)
  3. Former historic bar/saloon - (27126)

Private Company Sales

  1. Heavy equipment rental/general contractor - (27093)
  2. Plumbing parts distributor/wholesaler - (27094)
  3. Cannabis testing laboratory - (27095)
  4. Winery license - (27097)
  5. IP portfolio - (27096)

Assignment for the Benefit of Creditors Sales

  1. Manufacturer of vertical garden structures - (27148)
  2. Women's retail shoe inventory - (27152)
  3. Steel structure producer - (27149)
  4. Construction contractor - (27150)
  5. Capital investing firm - (27151)

Chapter 11 - 363 Sales

  1. Two trademarks - mortgage company - (27162)
  2. Multiple residential properties - (27173)
  3. Residential land - 1.5 acres - (27160)
  4. Three luxury townhomes - (27161)
  5. Golf center - (27174)

Chapter 11 - Investment Banker Application Filed

  1. Corporate party rental company - (27140)
  2. Commercial real estate firm - (27142)
  3. Mining company - (27141)

Chapter 11 - Case Filing Indicates Future Asset Sale

  1. No new deals added this week.

Chapter 7 - Sale of Business Assets

  1. Commercial construction company (w/equipment) - (27171)
  2. Boullion coins & bars - Multiple lots - (27071)
  3. Residential mortgage trust - (27172)
  4. Multi-family property - (27170)
  5. Mobile home park - (27164)

Chapter 12 Bankruptcy

  1. Farmland & farming equipment - (27138)

Rating Agency Alerts/Other Signs of Distress

  1. Mobile technology & marketing company - (27109)
  2. Cancer diagnostic testing center - (27107)
  3. Internet media services company - (27108)
  4. Generic pharmaceutical company - (27106)
  5. Live sporting event producer - (27105)

Auctions

  1. Commercial domain names - Multiple lots - (27154)
  2. Construction company (w/equipment) - (27159)
  3. Oilfield equipment - 84 lots - (27158)
  4. Antiques & collectibles - (27157)
  5. Metal shop equipment - (27155)
  6. Robotics company - (27156)

Other Interesting Sales

  1. Farm retirement (w/antiques & primatives) - (27101)
  2. Heavy farming equipment - Multiple lots - (27099)
  3. Agriculture machinery - Multiple lots - (27102)
  4. Commercial property - 7,308 sq. ft. - (27100)
  5. 150 acre farm - (27103)

Bulk Sales

  1. Commercial tree services business - (27143)
  2. Nightclub/entertainment center - (27147)
  3. Branded fast food restaurant - (27145)
  4. Commercial nursery - (27146)
  5. Machine shop - (27144)

Receiverships

  1. Social services foundation - (27098)

Mass/Significant Layoffs

  1. Smart home & lighting system provider - (27136)
  2. Payment solutions services company - (27135)
  3. Branded appliance manufacturer - (27133)
  4. Shoe retailer & warehouse - (27134)
  5. Financial brokerage - (27137)

Plant/Facility Closings

  1. Supplier of electrified propulsion systems - (27132)
  2. Industrial climate control facility - (27128)
  3. Online personal styling service - (27130)
  4. Insurance services company - (27129)
  5. Franchising company - (27131)
View All Deals on DailyDac.com
 
DailyDAC, LLC
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Highland Park, IL 60035
847-463-9530
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