October 26, 2021
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Bank Street Village (f/k/a City Line at Hightstown)

Article 9 Sale of certain limited liability company membership interests on 3PRC, LLC, a New Jersey limited liability company, that are owned by 3P Hightstown, LLC, will be held on November 9th; deposits due November 8th. 3PRC is the developer of Bank Street Village (f/k/a City Line at Hightstown). This is a large-scale property development consisting of 343 apartment units in three buildings, 43 townhouses, parking structures, related amenities, appurtenant structures & improvements. Auctioneer is Auction Advisors.

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Cycle Force Group LLC

Chapter 11 363 Sale of substantially all assets as a going concern. Preliminary Bid Deadline is November 30th; auction is December 13th. Based in Ames, Iowa, Cycle Force is an importer and distributor of bicycles, parts, and accessories with sales into multi-channels throughout North America. Investment Banker is Ravinia Capital LLC.

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

Article 9 Sale of 100% LLC interest in the owner of Deerpath Plaza will be held on November 17th; any interested bidder must become a qualified bidder prior to sale. Auctioneer is Mannion Auctions.

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Subchapter V of Chapter 11: A User's Guide

Traditional Chapter 11 bankruptcy is a powerful tool for financially distressed businesses and their owners. But at the same time, it is cost-prohibitive for many private companies. One consequence of this has been many private companies turning to less effective and more uncertain means to address their problems, only to fail ultimately.

A new law took effect in early 2020, which gave birth to an entirely new kind of Chapter 11 case: Subchapter V, which has proven far less expensive—yet far more effective—for many smaller companies than traditional Chapter 11 or any other alternative. This article lays it all out in an incredibly plain English way.
 
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.

Article 9/Secured Party Sales

  1. Membership interests - Luxury multi-family property - (30923)
  2. Multi-family property - 0.07 acres - (30925)
  3. Five commercial lots - (30924)
  4. 24 Condo Units - (30926)

Private Company Sales

  1. Janitorial supply business - (30940)
  2. Fence contracting company - (30938)
  3. Distribution business - (30939)
  4. Food distributor - (30941)
  5. Winery - (30937)

Chapter 11 - 363 Sales

  1. Healthcare system (w/real estate) - (30957)
  2. Wholesale apparel/holding company - (30952)
  3. Printing products dealer - (30961)
  4. Assisted living facility - (30963)
  5. Cycling dealer - (30959)

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. No new deals added this week

Chapter 12 Bankruptcy

  1. No new deals added this week.

Receiverships

  1. Freestanding building - 6,400 sq. ft. - (30921)
  2. Theater development-104,119 sq. ft - (30918)
  3. Mixed use property-40,700 sq. ft. - (30920)
  4. Two commercial buildings - (30919)

Assignment for the Benefit of Creditors Sales

  1. Commercial contracting company - (30922)

Plant/Facility Closings

  1. Food product machinery manufacturer - (30949)
  2. Electric motor manufacturer - (30951)
  3. Relay control manufacturer - (30947)
  4. Glass product manufacturer - (30950)
  5. Warehouse operator - (30948)

Rating Agency Alerts/Other Signs of Distress

  1. Utility management company - (30934)
  2. Ready-made food company - (30936)
  3. Biotechnology company - (30932)
  4. Housing developer - (30935)
  5. Retail company - (30933)

Auctions/Other Interesting Sales

  1. CNC cylindrical grinding plant - (31033)
  2. Recreational farmland - (31034)
  3. Dairy farm - 155 acres - (31036)
  4. Farm - 160 acres - (31035)
  5. Tool shop - (31032)

Bulk Sales

  1. Franchise shipping business - (30928)
  2. Fast food restaurant - (30929)
  3. Locksmith company - (30930)
  4. Retail pharmacy - (30927)
  5. Retail bakery - (30931)

Mass/Significant Layoffs

  1. Pharmaceutical production company - (30945)
  2. Ethyl alcohol manufacturer - (30943)
  3. Auto parts manufacturer - (30942)
  4. Grocery merchant - (30944)
  5. Brake shop - (30946)
View All Deals on DailyDac.com
 
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