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Auction to be held March 12th (deadline to qualify to participate is March 9th) at the offices of Goldberg Kohn Ltd., in Chicago, IL. Assets to be sold include all the Collateral pledged by the U.S. Borrowers to the Lenders to support the Loans under the Credit Agreement (as each of those capitalized terms is defined in the Credit Agreement). The U.S. Borrowers include AVAD LLC, a Delaware limited liability company, and a number of its affiliates.
Read the full public notice here.
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Commercial Recovery Associates, as Assignee for the Benefit of Creditors, will sell certain assets of Electronic Systems, Inc. (“Debtor”) on March 12th (deadline to qualify to participate is March 11th). The Debtor is an established 45-year low voltage integrated systems solution company providing security, fire, AV, monitoring services, as well as data system installation and service. The Assignee is represented by the Law Offices of William J, Factor.
Read the full public notice here.
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Auction to be held on March 24th via internet video conference (deadline to qualify to participate is March 22nd). Assets to be sold include: (1) all rights, title and interest of Open Door Trading, LLC (“Debtor”) in its intellectual property associated with Borrower’s fixed income electronic platform software and associated patent rights; plus (2) Debtor’s 100% of the membership interest in OpenDoor Securities, LLC, an SEC-registered / FINRA member broker dealer engaged in trading fixed income securities using the software of Borrower described below; (3) other related assets as described in the full public notice, available here.
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moeckerBrokers is offering for sale, on behalf of a receivership estate, a 22-year old MRI imaging medical facility in an ideal area of North Miami Beach. Beautiful 3,000 SF building with room to expand.
Read the full public notice here.
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Looking for a “101” about business bankruptcy? Look no further than Dealing with Corporate Distress 06: Four Basic Concepts. This quick read will give you an executive overview about (a) the Automatic Stay, (b) Using, Selling, or Leasing Property of the Estate, (c) Postpetition Financing, and (d) Executory Contracts & Leases. If you like what you read and want a much deeper dive, then we recommend the on-demand webinar, Opportunity Amidst Crisis.
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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
- 9,280 sqft. Commercial Building on 2.59 Acres - (27780)
- Membership interest - retail shopping center - (27779)
- Intellectual property - Trading platform - (27714)
- Specialty finance firm & trust - (27715)
- Security monitoring dealer - (27716)
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Private Company Sales
- Small asset collateral based lender - (27786)
- Large furniture manufacturer - (27788)
- General contracting business - (27787)
- Specialty service contractor - (27785)
- Niche manufacturer - (27784)
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Assignment for the Benefit of Creditors Sales
- Manufacturer of plating & polishing products - (27744)
- Construction group (w/equipment) - (27742)
- Hotel franchise developer - (27743)
- Import/export company - (27745)
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Chapter 11 - 363 Sales
- Land for development - 177.01 acres - (27722)
- Commercial land - 565.15 acres - (27720)
- Commercial land - 20 acres - (27724)
- Farmland - 151.72 acres - (27723)
- Railroad equipment - (27719)
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Chapter 11 - Investment Banker Application Filed
- Electromagnetic surface wave provider - (27725)
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Chapter 11 - Case Filing Indicates Future Asset Sale
- Hotel management & development co. - (27754)
- Injection molding plant - (27751)
- Hemp manufacturer - (27752)
- Retail pharmacy - (27753)
- Restaurant/bar - (27755)
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Chapter 7 - Sale of Business Assets
- Industrial freight vehicles - Multiple lots - (27708)
- Estate collectibles & furnishings - (27709)
- Development land - 177.01 acres - (27718)
- Online web platform - (27710)
- Media group - (27711)
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Chapter 12 Bankruptcy
- Real property - 2,500 sq. ft. - (27726)
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Rating Agency Alerts/Other Signs of Distress
- Developer of oil refining technologies - (27767)
- Holding co - cannabis dispensary - (27768)
- Automobile consignment dealer - (27771)
- Cannabis processing company - (27770)
- Financial services company - (27769)
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Auctions
- Tool & manufacturing equipment - Multiple lots - (27740)
- 10,465 sq.ft. building on 2.23 acres - (27589)
- Industrial motor oil producer - (27738)
- Large industrial equipment - (27734)
- Major utility power plant - (27737)
- Machine shop equipment - (27736)
- Metals manufacturer - (27735)
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Other Interesting Sales
- Antiques, collectibles & fine merchandise - (27776)
- Cattle & row crop farm - 231.77 acres - (27772)
- Farm machinery (multiple lots) - (27775)
- Gun & ammunition collection - (27774)
- 45+/- Recreational Lots - (27777)
- Egg farm - 16.5 acres - (27773)
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Bulk Sales
- Montessori school (w/equipment) - (27750)
- Franchised fast food restaurant - (27748)
- Commercial beverage license - (27749)
- Beer brewery/manufacturer - (27747)
- Costume & party retailer - (27746)
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Receiverships
- Construction & contracting company - (27783)
- Metal components manufacturer - (27782)
- Mixed use land - 25 acres - (27616)
- MRI imaging facility - (27712)
- Retail gas station - (27781)
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Mass/Significant Layoffs
- Manufacturer of vehicle lighting equipment - (27758)
- Online gaming company - (27760)
- Soft drink producer - (27757)
- Collection agency - (27756)
- Call center - (27759)
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Plant/Facility Closings
- Terminal operations & stevedore services co. - (27763)
- International airline shuttle service - (27764)
- Outdoor furniture retailer - (27765)
- Aerospace manufacturer - (27762)
- Grocery store chain - (27766)
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DailyDAC, LLC
1954 First Street, Suite 178
Highland Park, IL 60035
847-463-9530
[email protected]
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