NOTICE OF SALE OF COLLATERAL UNDER THE UNIFORM COMMERCIAL CODE Pursuant to the provisions of the Uniform Commercial Code, as enacted in Delaware (6 Del. Code §9-610), and pursuant to the terms and provisions set forth below and as are contained in that certain Pledge and Security Agreement (the “Pledge Agreement”) dated as of February 14, 2017 and executed by Riverfront Crossing Hospitality Mezz, LLC (“Debtor”) and Bradford Allen Funding Company LLC (“Bradford Allen” or “Secured Party”), Bradford Allen will sell the following described property via auction at public sale (the “Auction”) on June 19, 2020 at 10:00 a.m. (the “Auction Date”), at the offices of Robbins, Salomon & Patt, Ltd., 180 N. LaSalle Street, Suite 3300, Chicago, Illinois: 100% of the legal and beneficial limited liability company interests in RIVERFRONT CROSSING HOSPITALITY OWNER, LLC, a Delaware limited liability company (the “Collateral”). This sale is being held to enforce Bradford […]

Below is a list of DailyDAC’s recent Distressed Asset Central Weekly newsletters. Is Bankruptcy Needed if Creditors Will Just Agree to Take Less? Sent on February 27, 2024 Demystifying Administrative Expenses in Bankruptcy Sent on February 20, 2024 When a Seller of Real Property Files for Bankruptcy Before Closing Sent on February 13, 2024 Subchapter V of Chapter 11: A User’s Guide Sent on February 6, 2024 Determining Value – Choosing a Business Appraiser Sent on January 30, 2024 Personal Property Appraisals 101 Sent on January 23, 2024 Reviewing Restructuring: […]

NOTICE OF PUBLIC UCC ARTICLE 9 FORECLOSURE AUCTION Consumer Installment Loans and Other Personal Property of PATRIOT FINANCE, LLC PLEASE TAKE NOTICE that on February 28, 2020, at 11:00 a.m., Atlanta, Georgia time, at the offices of Holland & Knight LLP, 1180 West Peachtree Street NW, Atlanta GA 30309, a public sale shall be conducted of the personal and fixture property, whether previously, now or hereafter, securing the obligations of Patriot Finance, LLC (the “Borrower”) to Congressional Bank (the “Secured Party”). A detail of such collateral subject to the Secured Party’s February 28, 2020 foreclosure sale (the “Collateral”) is available at the link below. View Exhibit A This sale is being held to enforce the rights of the Secured Party. The Collateral will be sold to the highest qualified bidder for cash, or the credit against outstanding indebtedness held by the Secured Party or for which the Secured Party is […]

NOTICE IS HEREBY GIVEN that on September 19, 2019 at 11:00 a.m. CDT (the “Date of Sale“) in the offices of Bryan Cave Leighton Paisner LLP, 161 North Clark Street, Suite 4300, Chicago, Illinois, P2Binvestor Incorporated (“Lender“), pursuant to Section 9-610 of the Uniform Commercial Code, as adopted under applicable law, and under the following agreements: (i) that certain Financing and Security Agreement dated as of October 4, 2016 (the “2016 FSA“) and that certain Financing and Security Agreement dated as of October 2, 2017 (collectively with the 2016 FSA and each as amended, modified or supplemented from time to time, the “Loan Agreement“) pursuant to which Lender has made certain loans and other extensions of credit available to Lifeprint Products, Inc. (“Borrower“); (ii) that certain Secured Promissory Note dated May 29, 2018 by Borrower in the original principal amount of $2,500,000 (as amended, modified or supplemented from time to […]

PUBLIC SALE UNDER ARTICLE 9 OF THE UCC OF COLLATERAL ASSETS INVOLVING SPRING MARKETPLACE, INC Certain assets of Spring Marketplace, Inc. (the “Company”) described below (the “Assets”) are to be auctioned at a public sale under UCC Article 9 by the secured lender Hoban Road Ventures LLC. The Assets consist of substantially all of the personal property of the Company, including the Company’s technology platform, which enables payment connected marketing and rewards solutions for merchants, and certain intellectual property. The time and place for the auction shall be as follows. Time: August 26, 2019, at 10:00 a.m. PT. Place: Offices of Sheppard Mullin, 333 South Hope Street, 43rd Floor, Los Angeles, CA 90071-1422, Attn: Ted Cohen (213 617 4237), counsel to the secured lender. Additional information may be gained by contacting Bruce Mitchell at (415) 525-2854 or [email protected] on or before August 19, including certain auction participation procedures and how […]

NOTICE OF PUBLIC SALE UNDER ARTICLE 9 OF THE UCC OF COLLATERAL INVOLVING FORTE AUTOMATION SYSTEMS, INC. 1. Executive Summary. This is a public notice regarding the public sale (the “Auction”) to the highest bidder of the collateral (the “Assets”) described in #6 below. The public sale will be held on July 31, 2019, 12:00 p.m. CST by the secured lender (“Secured Party”) who has a duly perfected first-priority secured creditor with respect to all present and future debts, obligations and liabilities of Forte Automation Systems, Inc. (the “Debtor”). 2. Loan Agreement. The Secured Party’s rights arose pursuant to that Loan Agreement dated as of May 14, 2014 (as amended, supplemented, or otherwise modified from time to time, the “Loan Agreement”) and the security interests granted by the Security Agreement dated May 14, 2014, by Debtor to Secured Party and the security interests granted by that Patent Security Agreement dated […]

Notice of Public Sale NOTICE IS HEREBY GIVEN that on Tuesday, July 9, 2019, at 10:00 a.m. (Eastern Daylight Time) (the “Date of Sale”) at the offices of Schulte Roth & Zabel LLP, 919 Third Avenue, New York, New York 10022, the secured party, North Channel Bank GmbH & Co. KG (“Seller”), pursuant to (a) Section 9-610 et seq. of the Revised Uniform Commercial Code as adopted in New York and other applicable law; and (b)(i) that certain Loan Agreement dated March 24, 2016 between the Seller, as lender, and Trillium, Inc., as borrower (“Debtor”), (ii) that certain Collateral Pledge Agreement dated March 24, 2016 by the Debtor in favor of Seller and (iii) any other documents respecting loans made to the Debtor from Seller (including all addenda, amendments and collateral documents related thereto), will hold a public sale to offer for sale all of the Debtor’s privileges, right, title […]

NOTICE OF PUBLIC SALE OF COLLATERAL OF ADAMS ARMS, LLC PURSUANT TO THE FLORIDA UCC 1. Executive Summary. Pursuant to Chapter 679 of the Florida Statutes (the Florida Uniform Commercial Code), LB Merchant AA-2, LLC and David Nolan as Assignee from GF Ram II LLC, or their subsequent assignees (collectively, the “Lenders”), will conduct a public sale (the “Sale”) of all assets of Adams Arms LLC (“Collateral”) at 11:00 a.m., April 30, 2019, at the business premises of Adams Arms, LLC, 1551 Gunn Highway, Odessa, FL 33556. The Collateral is located at the business premises of Adams Arms, LLC and will be sold “AS IS” and “WHERE IS” in one lot. The Collateral may (or may not) be subject to superior leases or purchase money financing security interests. The Sale is being made by reason of default by Adams Arms, LLC (the “Debtor”), under security agreements between the Debtor and […]

DATE OF SALE: November 8, 2018 PLACE OF SALE: Intercounty Judicial Sales 120 West Madison Street, Suite 7l8A Chicago, Illinois TIME OF SALE: 11:00 A.M. CST NOTICE IS HEREBY GIVEN that the collateral described below will be sold to the highest bidder at a PUBLIC SALE on November 8, 2018, 11:00 a.m. CST, at, Intercounty Judicial Sales, 120 West Madison Street, Suite 718A, Chicago, Illinois, by Intercounty Judicial Sales, court-appointed auctioneer, on behalf of COMM 2013-CCRE12 NORTH ROSELLE ROAD, LLC (“Secured Party”). Secured Party is a duly perfected first-priority secured creditor with respect to the Judgment of Foreclosure and Order of Sale entered against OM SHERA HOTELS OF CHICAGO, LLC (“Borrower”) in favor of Secured Party on August 14, 2018 in the Circuit Court of Cook County, Illinois, Case No. 18 CH 919 (the “Judgment”) and the security interests granted by the Mortgage and Security Agreement dated September 13, 2013 […]

NOTIFICATION OF INTENDED DISPOSITION OF COLLATERAL BY PUBLIC AUCTION SALE SALE OF ASSETS: Notice is hereby given that, at 2:00 p.m. prevailing Central Time, on Thursday, July 26, 2018, the Secured Party Santander Bank, N.A. (the “Secured Party”) shall offer to sell at a public auction sale conducted in accordance with (i) the Floorplan Financing and Security Agreement between Secured Party and Debtor New City Historic Auto Row LLC d/b/a Alfa Romeo & Fiat of Chicago (“New City”), dated as of June 24, 2016 and (ii) the Illinois Commercial Code (the “Sale”) all of the following assets of New City located at 2401 S. Michigan Avenue and 2357 S. Michigan Avenue, Chicago, Illinois 60616 (the “Locations”): (i) approximately 121 new Fiat and Alfa Romeo motor vehicles from model years 2016-18 at the Locations (the “New Vehicles”), (ii) approximately 43 used motor vehicles from model years 2011-17 at the Locations (the […]