September 14, 2021
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Overwatch Technologies, Inc. d/b/a Overwatch Digital Health

Parkins Lee & Rubio LLP, as agent for Trustee Clive Barrett, is conducting an Article 9 auction today, September 14th. This auction of substantially all the intellectual property of Overwatch Technologies, Inc. d/b/a Overwatch Digital Health was previously noticed for an earlier date but will be happening today.

More information on DailyDAC
 

225 E. Deerpath, Lake Forest, IL 60045

This property, commonly referred to as “Deerpath Plaza,” is set for auction on October 5th, but any interested bidder must become a qualified bidder prior to sale. The asset being sold is technically the 100% LLC interest in the owner of Deerpath Plaza.

More information on DailyDAC
 

ABCs in D(elaware)

States each have their own requirements for sales in an assignment for the benefit of creditors (ABC) case, but this is especially true for Delaware, where many businesses are incorporated. While some states require court approval in a sale, Delaware does not require intervention of the courts. So, should you seek court approval anyway? Or, is court approval the lesser preferred method? Read Determining Whether or Not to Seek Court Approval of a Sale in a Delaware Assignment for the Benefit of Creditors Case by Russell Silberglied.
 
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 - (30427)
  2. Logistic services company - (30433)
  3. Three real properties - (30428)
  4. Trucking company - (30432)

Private Company Sales

  1. Fence, deck & railing company - (30435)
  2. Waste management company - (30434)
  3. Plumbing company - (30429)
  4. HVAC Dealership - (30437)
  5. 35 room motel - (30436)

Assignment for the Benefit of Creditors Sales

  1. Technology & machine learning innovator - (30458)
  2. Late model farm equipment - (30455)
  3. Wine distillery - (30456)
  4. Art investor - (30457)

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. Self-storage holding company - (30465)
  2. Offsite construction company - (30466)
  3. Home improvement provider - (30467)
  4. Financial holding company - (30468)
  5. Metal scrap processor - (30464)

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. General eating place license - (30405)
  3. Short sea shipping operation - (30412)
  4. Litigation assets - (30407)

Chapter 12 Bankruptcy

  1. Cattle ranch - (30363)

Plant/Facility Closings

  1. Automobile electrical systems servicer - (30448)
  2. Bedding & mattress manufacturer - (30447)
  3. Compact disc manufacturer - (30449)
  4. Tolling systems provider - (30445)
  5. Aerospace company - (30446)

Rating Agency Alerts/Other Signs of Distress

  1. Clinical-stage biopharmaceutical company - (30399)
  2. Chain of discount retail stores - (30397)
  3. Broadline closeout retailer - (30398)

Auctions

  1. Commercial lot - 1.67 acres - (30462)
  2. Farmland - 161.29 acres - (30461)
  3. Construction company - (30463)
  4. Antique toy collection - (30460)
  5. Trucking equipment - (30459)

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. Branded fast food restaurant - (30426)
  2. Motorcycle/ATV dealership - (30423)
  3. Distribution company - (30425)
  4. Gas station/retailer - (30420)
  5. Restaurant/Inn - (30424)

Receiverships

  1. Office building - 6,400 sq. ft. - (30394)
  2. Oil & gas pipeline - (30395)

Mass/Significant Layoffs

  1. Logistics & trucking company - (30442)
  2. Computer animation studio - (30440)
  3. Retail gasoline chain - (30444)
  4. Robotics company - (30441)
  5. Fruit producer - (30443)
View All Deals on DailyDac.com
 
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