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How much do you know about the automatic stay? Buying assets from a chapter 11 debtor? Your rights as a landlord when a tenant files chapter 11? Postpetition financing? Learn some of the basics about Bankruptcy Code §§ 362, 363, 364 and more—in plain English. Read “Dealing with Corporate Distress #06: 4 Basic Concepts”.
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Section 1111(b) of the Bankruptcy Code empowers ostensibly undersecured creditors to protect themselves from undervaluation risk by providing an alternative to accepting §506(a) claim bifurcation. The §1111(b)(2) election empowers a secured creditor to waive its unsecured deficiency claim and have the total allowed amount of its claim treated as though it were fully secured by its collateral. Read “The Secured Creditor’s Counter Strike – Section 1111(b) Election” to learn what you need to know.
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DailyDAC is pleased to announce the launch of its Assignee Directory, with nearly 50 assignees already included. Anyone currently in practice with experience serving as an assignee is eligible to be listed by following the instructions on the Directory's “About” page. This is, and will continue to be, a free service to DailyDAC’s readers to assist them in locating a suitable assignee and to assignees who qualify.
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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
- Heavy equipment - Multiple lots - (27384)
- Farm equipment - Multiple lots - (27382)
- Trailers, trucks & welders - (27385)
- CNC machines & equipment - (27383)
- Block of seven homes - (27380)
- Dog grooming shop - (27381)
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Private Company Sales
- Industrial procurement & distribution supplier - (27432)
- Heavy equipment rental/general contractor - (27435)
- Office building - 45,000 sq. ft. - (27436)
- Bar/restaurant - 7,470 sq. ft. - (27433)
- Restaurant & brewery - (27434)
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Assignment for the Benefit of Creditors Sales
- Distributor of plastic products - (27415)
- Hospitality services company - (27414)
- Metal finishing company - (27413)
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Chapter 11 - 363 Sales
- Multiple transportation vehicles - (27445)
- Construction services company - (27444)
- Commercial/development lot - (27443)
- Metal products company - (27422)
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Chapter 11 - Investment Banker Application Filed
- Processor technology company - (27440)
- Media company - (27441)
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Chapter 11 - Case Filing Indicates Future Asset Sale
- Property management company - (27439)
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Chapter 7 - Sale of Business Assets
- Designer clothing & decorative wall art - (27425)
- 151.72± Acres (w/real estate) - (27427)
- Jewelry/art, sterling & coins - (27426)
- Estate w/equipment - (27423)
- Commercial lot - (27424)
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Chapter 12 Bankruptcy
- Farm property - (27437)
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Rating Agency Alerts/Other Signs of Distress
- Designer of waste water treatment systems - (27368)
- Cannabis & hemp processing company - (27369)
- Electrical components manufacturer - (27370)
- Advertising software company - (27366)
- Biotechnology company - (27367)
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Auctions
- Construction equipment - Multiple lots - (27421)
- Manufacturer of industrial rollers - (27418)
- Heavy structural steel fabricator - (27417)
- 0.39+/- AC. paved commercial lot - (27420)
- Metal fabricating machinery - (27416)
- Fabricating machinery - (27419)
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Other Interesting Sales
- Firearms, ammunition & native American artifacts - (27364)
- Sports memorabilia & collectibles - (27365)
- Antiques, collectibles & artwork - (27362)
- Antiques & vintage collectibles - (27361)
- Farm & construction equipment - (27363)
- Mobile home park - 86 units - (27430)
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Bulk Sales
- Commercial beverage license - (27412)
- Full-service restaurant - (27410)
- Commercial sign shop - (27409)
- Motorsport racetrack - (27411)
- Tobacco retailer - (27408)
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Receiverships
- Industrial building - 123,017 sq. ft. - (27390)
- Enclosed shopping mall - 130 tenants - (27392)
- Construction services supplier - (27389)
- Residential site developer - (27388)
- Investment holding company - (27391)
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Mass/Significant Layoffs
- Air transportation services provider - (27406)
- Freight transportation company - (27405)
- Rail transportation company - (27407)
- Airline carrier service - (27401)
- Raceway/casino - (27404)
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Plant/Facility Closings
- General warehousing & storage plant - (27398)
- Electrical equipment supplier - (27399)
- Vehicle manufacturer supplier - (27396)
- Real estate services provider - (27397)
- Textile manufacturer - (27395)
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DailyDAC, LLC
1954 First Street, Suite 178
Highland Park, IL 60035
847-463-9530
[email protected]
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