September 7, 2021
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225 E. Deerpath, Lake Forest, IL 60045, commonly referred to as “Deerpath Plaza”

Newmark Knight Frank has announced a sale date of October 5th; an interested bidder must become a qualified bidder prior to the sale date, in order to bid. The asset being sold is technically the 100% LLC interest in the owner of Deerpath Plaza.

More information on DailyDAC
 

When a “Fiduciary for Hire” is a Major Backfire

When debtor management options under the Bankruptcy Code are not an option, and the debtor does not want a trustee or DIP, they may turn to appointing a CRO (Chief Restructuring Officer). However, appointing a CRO in bad faith is not a good idea as you can see from the recent NRA bankruptcy fiasco. In Alternative Debtor Management? Discharge Your Fiduciary Duty at $1,155 Per Hour by Thomas Salerno and Clarissa Brady of Stinson LLP, you’ll learn why a “fiduciary for hire” is an option that requires transparency and integrity.
 

Intern Wanted!

DailyDAC has an opening for a part-time paid intern. The ideal candidate is either a law or MBA student with an interest in bankruptcy or a recent graduate who has decided not to practice law and who has an entrepreneurial bug. For more information, please email [email protected].
 
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 Friday. 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. Construction & trucking equipment - (30365)
  2. Hog finisher/nursery - (30366)
  3. 119 well package - (30364)

Private Company Sales

  1. Waste management consulting business - (30369)
  2. Automotive repair business - (30368)
  3. Rum distillery business - (30370)
  4. Ice cream manufacturer - (30367)
  5. Seafood restaurant - (30371)

Assignment for the Benefit of Creditors Sales

  1. Micro-business lender - (30357)

Chapter 11 - 363 Sales

  1. Marketer of consumer brands - (30416)
  2. Two adjacent properties - (30414)
  3. Distillery - (30418)

Chapter 11 - Investment Banker Application Filed

  1. No new deals added this week.

Chapter 11 - Case Filing Indicates Future Asset Sale

  1. No new deals added this week.

Chapter 7 - Sale of Business Assets

  1. Non-profit youth organization - (30410)
  2. Short sea shipping operation - (30412)
  3. General eating place license - (30405)
  4. Litigation assets - (30407)

Chapter 12 Bankruptcy

  1. Cattle ranch - (30363)

Plant/Facility Closings

  1. Motor vehicle parts manufacturer - (30380)
  2. Fruit/produce distributor - (30379)
  3. Hospital & medical center - (30381)
  4. Piston ring dealer - (30378)
  5. Transit operator - (30377)

Rating Agency Alerts/Other Signs of Distress

  1. Clinical stage biopharmaceutical company - (30399)
  2. Chain of discount retail stores - (30397)
  3. Mineral exploration company - (30385)
  4. Broadline closeout retailer - (30398)
  5. Biopesticide developer - (30384)

Auctions

  1. Electric transport equipment manufacturer - (30349)
  2. Farm, ranch & construction equipment - (30348)
  3. Industrial real estate - 15 acres - (30352)
  4. Lighting reflector plant - (30351)
  5. Pulp & paper mill - (30350)

Other Interesting Sales

  1. Commercial property - Former funeral home - (30402)
  2. Two multi-level properties - (30403)
  3. Vacant land - 7.167 acres - (30401)
  4. Winery - 1,948 sq. ft. - (30404)
  5. Land - 19.67 acres - (30400)

Bulk Sales

  1. Automotive parts & accessories retailer - (30358)
  2. Emergency locksmith business - (30360)
  3. Business website developer - (30359)
  4. Discount retailer - (30362)
  5. Restaurant/cafe - (30361)

Receiverships

  1. Office building - 6,400 sq. ft. - (30394)
  2. Land parcel - 5+ acres - (30382)
  3. Oil and gas pipeline - (30395)
  4. Seven real properties - (30383)

Mass/Significant Layoffs

  1. Hydraulic fracturing company - (30375)
  2. Material handling company - (30374)
  3. Biotechnology company - (30372)
  4. Industrial contractor - (30373)
  5. Oil & gas company - (30376)
View All Deals on DailyDac.com
 
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