NOTICE OF PUBLIC SALE OF COLLATERAL DATE OF SALE: April 30, 2018 PLACE OF SALE: Foley & Lardner LLP 321 N. Clark Street, Suite 2800 Chicago, Illinois 60654 TIME OF SALE: 12:00 P.M. CDT NOTICE IS HEREBY GIVEN that the collateral described below will be sold to the highest bidder at a PUBLIC SALE on April 30, 2018, 12:00 p.m. CST, at, Foley & Lardner LLP, 321 N. Clark Street, Suite 2800, Chicago, Illinois 60654, by Monroe Capital Management Advisors, LLC, as administrative agent of certain Lenders (“Secured Party”). Secured Party is a duly perfected first-priority secured creditor with respect to all present and future debts, obligations and liabilities of Dominus Health Intermediate Holdco, LLC; CR Holdings, LLC; Complete Nutrition Franchise Holdings, LLC; Complete Nutrition Corporate Stores, LLC; Complete Nutrition Worldwide, LLC; CN Online, LLC; R2 Distribution, LLC; Complete Nutrition IP, LLC (“CN IP”); and Complete Nutrition Franchising, LLC; (collectively, […]

DISPOSITION OF COLLATERAL UNDER UCC ARTICLE 9 – STOCK IN NELBUD SERVICES GROUP, INC. 1. Background: Pursuant to (i) the Credit Agreement dated December 2, 2015 (as amended or otherwise modified from time to time, “Credit Agreement”), among Nelbud Services Group, Inc., a New Jersey corporation (“Company”), the parties thereto from time to time as lenders (“Lenders”), and Monroe Capital Management Advisors, LLC, as Administrative Agent for Lenders (“Agent”), (ii) the Guaranty and Collateral Agreement dated December 2, 2015 (as amended or otherwise modified from time to time, “Collateral Agreement”), among Nelbud Holdings, LLC, Nelbud Dilg LLC, Nelbud Crafton LLC, Nelbud Schaaf LLC, Nelbud Caplinger LLC (“Nelbud Pledgors”), the Company, MCDS Ventures LLC (“MCDS”), and the other parties thereto from time to time as Grantors, in favor of Agent, and (iii) the other “Loan Documents” (as defined in the Credit Agreement), the Lenders have made loans to Company that are […]

There is a seeming irony here in that a company that files for bankruptcy often does not have the cash to do so. That’s where DIP financing comes in.

NOTICE OF PUBLIC DISPOSITION OF COLLATERAL CLICK HERE FOR EXHIBIT A – BILL OF SALE & TRANSFERRED ASSETS TO: FIREFLY SYSTEMS INC. and any party entitled to notice under Texas Uniform Commercial Code § 9.611 FROM: EOS LAUNCHER, INC. 1906 El Camino Real, Suite 201 Menlo Park, CA 94027 Attn: Maxym Polyakov Tel: (650) 798-4457 Email: [email protected] Date: March 16, 2017 Time: 10:00 a.m., Pacific Time Place: 1906 El Camino Real, Suite 201 Menlo Park, CA 94027   EOS Launcher, Inc., a Delaware corporation, assignee of FITA LLC, Patrick Joseph King, Thomas E. Markusic, Voyager Holdings Limited and Beshara Eric Salwan (collectively the “Assignors”) and by such assignment the “Lender” and secured party (“Secured Party”) under the Loan and Security Agreement, dated as of October 20, 2016 (the “Security Agreement”), by and between Assignors and Firefly Systems Inc., “Borrower” and debtor (“Debtor”), hereby gives notice that Secured Party will conduct a public disposition […]

Corporate Restructuring 2017: Why Some Attorneys See Rising Rates, but Most Don’t

The economy, stupid. -James Carville The corporate restructuring profession has become, much like the broader economy, increasingly a world of few “haves” and many “have nots.” This is not by accident, and it is not going away. Those who see and accept the industry for what it is—and pivot accordingly—will continue to be winners. Those who possess a limited repertoire of moves and simply hope for economic downturns will continue to fight for limited market share. How We Got Here Chapter 11 Was Once New Technology The Bankruptcy Code is […]

JOINT NOTICE OF PUBLIC SALE BY ORDER OF THE SECURED PARTY AND ASSIGNEE FOR THE BENEFIT OF CREDITORS OF ROCKFORD PRODUCTS, LLC SALE OF ASSETS: Notice is hereby given that on February 14, 15 and 16, 2017, commencing each day at 10:00 a.m. (CST) (each such date, the “Date of Sale”), at the warehouse formerly occupied by Rockford Products, LLC (“Rockford Products”), 707 Harrison Avenue, Rockford, IL 61104 (the “Premises”), the secured party First Midwest Bank (“Lender”) and Howard B. Samuels, not individually, but solely in his capacity as Assignee for the Benefit of Creditors (“Assignee,” and together with Lender, “Sellers”) of Rockford Products shall hold a joint public auction in accordance with the Uniform Commercial Code (as adopted under Illinois law) and other applicable law (the “Joint Sale”) for substantially all of the remaining personal property assets of Rockford Products (collectively, the “Sale Assets”), other than the Excluded Assets […]

Gerchen Keller purchases a portion of the interest in proceeds of $213 million fraudulent conveyance judgment in innovative public sale. An interesting transaction took place on September 8, 2016. The chapter 7 bankruptcy trustee for Magnesium Corporation of America (“MagCorp”) sold a $50 million share of a $213 million judgment it has against fraudulent conveyance transferee, Renco Group Inc. and former MagCorp owner, Ira Rennert. The buyer, Gerchen Keller Capital LLC paid $26.2 million transaction for the interest. Those close to the deal report that this may be the first […]

NOTICE OF PUBLIC SALE – ALPHA ALUMINUM, LLC NOTICE IS HEREBY GIVEN that on Tuesday, September 13, 2016, at 10:00 a.m. (the “Date of Sale”) in the offices of Bryan Cave LLP, 161 North Clark Street, Suite 4300, Chicago, Illinois, the secured party Big Shoulders Capital LLC (“Seller”), pursuant to (i) Section 9-610 et seq. of the Revised Uniform Commercial Code as adopted under Illinois and other applicable law and (ii) the Loan and Security Agreement dated as of August 11, 2015 (as amended, modified, assigned, supplemented and/or restated from time to time) by and between Seller, as lender, and Alpha Aluminum, LLC (“Borrower”), as borrower, will hold a public auction to offer for sale all of Borrower’s right, title and interest in and to certain of Borrower’s assets in which Seller has a security interest, including, without limitation, Borrower’s equipment, all books and records pertaining thereto, supporting obligations in […]

JOINT NOTICE OF PUBLIC SALE BY ORDER OF THE SECURED PARTY AND ASSIGNEE FOR THE BENEFIT OF CREDITORS OF Z BAKERY, LLC, 3665 W. LUNT AVE., LINCOLNWOOD, IL 60712 SALE OF ASSETS: Notice is hereby given that on Tuesday, August 9, 2016, at 10:00 a.m. (CDT) (the “Date of Sale”), at the offices of Rally Capital Services, LLC, 350 North LaSalle Street, Suite 1100, Chicago, IL, the secured party Big Shoulders Capital LLC (as assignee of American Chartered Bank) (“Lender”) and Howard B. Samuels, not individually, but solely in his capacity as Assignee for the Benefit of Creditors (“Assignee,” and together with Lender, “Sellers”) of Z Bakery, LLC (“ZB LLC”), an Illinois limited liability company, shall hold a joint public auction in accordance with the Uniform Commercial Code (as adopted under Illinois law) and other applicable law (the “Joint Sale”) to offer for sale substantially all assets of ZB LLC […]

JOINT NOTICE OF PUBLIC SALE BY ORDER OF THE SECURED PARTY AND ASSIGNEE FOR THE BENEFIT OF CREDITORS SECURITY INDUSTRIES, INC. 1000 GEORGIANA ST. HOBART, IN, 46342 SALE OF ASSETS: Notice is hereby given that on Monday, June 13, 2016 at 10:00 AM CDT (the “Date of Sale”), at the offices of Rally Capital Services, LLC, 350 N. LaSalle St., Suite 1100, Chicago, IL, the secured party American Chartered Bank (“Lender”) and Howard B. Samuels, not individually, but solely as Assignee for the Benefit of Creditors (the “Assignee”) of The American Group of Constructors, Inc. (“TAG”), an Illinois corporation (the Lender and Assignee are herein referred to as “Sellers”), shall hold a joint public auction in accordance with the Uniform Commercial Code and Illinois (the “Joint Sale”) common law to offer for sale TAG’s right, title and interest in and to all business assets used in the day-to-day operations of Security […]