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Article 9 Sale . Certain of the tangible and intangible assets used in the business of Toy Overlord, Inc., d/b/a Megalopolis. Sale online and at the office of Brian Testo Associates, LLC is August 25th .
More information on DailyDAC.
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Paul Evans, LLC. Article 9 Sale. Certain of the tangible and intangible assets used in the business of Paul Evans, LLC including remaining Inventory and general intangibles. Sale online and at the office of Brian Testo Associates, LLC is August 25th.
Read more details on DailyDAC!
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Ice Miller, counsel for the secured party, has announced an Article 9 Sale to be held on August 23rd of the assets of MiCorp Custom Auto & Truck, LLC/MiCorp CAT Holdings, LLC, via Zoom; bidders must qualify by August 20th. New England’s largest automotive restyler / expediter.
Read more details on DailyDAC.
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Article 9 Sale. Greenberg Traurig, counsel for the secured party, announces the Article 9 sale of substantially all the assets of this NYC-based Wine & Spirits Manufacturer. Auction is September 1st. Deadline to qualify to participate is August 31st.
For more information, visit DailyDAC.
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DSI Consulting announces the commencement of an assignment for the benefit of creditors under California Law and upcoming auction of all this cyber security company. Bids are due September 17th.
More information on DailyDAC.
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Try DailyDAC’s DISTRESSED DEAL DATAPOINTS™ Learn more here. $49.99 per month if you subscribe in August. Cancel anytime.
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In light of the broad protections provided to debtors through the ipso facto clause prohibition, lenders and other creditors may look to other mechanisms to try to better control or influence a corporate debtor choosing to file for bankruptcy or taking other Ipso Facto Actions. For example, “golden shares” have been increasingly used. And with the adverse economic effects caused or exacerbated by the COVID-19 pandemic, lenders and other creditors may negotiate for such protections with distressed companies. However, depending on the applicable facts and jurisdiction involved, there is a significant risk that such a mechanism will not be enforced by the bankruptcy court on one or more grounds. Read more in The Nuts & Bolts of Ipso Facto Clauses and Golden Share Arrangements That May Sidestep the Bankruptcy Code’s Prohibition by Laura Davis Jones and Jonathan Kim of Pachulski Stang Ziehl & Jones LLP.
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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
- 100% limited liability company interests - (30120)
- Real property - 1,966 sq. ft. - (30072)
- Full-service restaurant - (30121)
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Private Company Sales
- Specialty metal fabrication company - (30114)
- Truck stop development opportunity - (30115)
- Metal injection moulding business - (30117)
- Large furniture manufacturer - (30118)
- Roofing company - (30116)
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Assignment for the Benefit of Creditors Sales
- Dental practice - (30073)
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Chapter 11 - 363 Sales
- Shared office space business - (30142)
- Chain of family restaurants - (30144)
- Thread mill manufacturer - (30157)
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Chapter 11 - Investment Banker Application Filed
- No new deals added this week.
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Chapter 11 - Case Filing Indicates Future Asset Sale
- No new deals added this week.
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Chapter 7 - Sale of Business Assets
- Intellectual property-CBD ingredient producer - (30150)
- Interest in a beverage distributor - (30146)
- Building materials dealer - (30153)
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Chapter 12 Bankruptcy
- No new deals added this week.
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Plant/Facility Closings
- Manufacturer of totalizing fluid meters - (30112)
- Petroleum oil & grease manufacturer - (30110)
- Race track & entertainment center - (30109)
- Bedding & mattress manufacturer - (30111)
- Independent power producer - (30108)
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Rating Agency Alerts/Other Signs of Distress
- Portable tennis ball launcher manufacturer - (30131)
- Point of care diagnostics company - (30132)
- Mineral exploration company - (30129)
- Oilfield services company - (30160)
- Rough diamond producer - (30133)
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Auctions
- Lakefront pier, ramp & fish house - 7,080 sq.ft. - (30165)
- Commercial building - 2.89 acres - (30164)
- Real Estate: 1.27+ acre - (30163)
- Vintage toy collection - (30162)
- Construction company - (30076)
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Other Interesting Sales
- Vineyard development land - 181 acres - (30125)
- Plantable vineyard land - 143 acres - (30122)
- Award - winning winery - 6.82 acres - (30123)
- Commercial land - 27 acres - (29297)
- Collectibles & memorabilia - (30159)
- Farmland - 31± acre ranch - (30124)
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Bulk Sales
- Japanese restaurant (all business assets) - (30099)
- Full-service restaurant - (30095)
- Landscaping business - (30097)
- Mail center business - (30098)
- Retail pharmacy - (30100)
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Receiverships
- Trucking firm - (30075)
- Shopping mall - (30127)
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Mass/Significant Layoffs
- Pharmaceutical production plant - (30106)
- Automotive manufacturer - (30104)
- Metal processing plant - (30105)
- Salt processing plant - (30103)
- Commercial bakery - (30107)
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