Determining the Collateral Value of a Secured Claim

Knowing the collateral value of a secured claim is important. It will impact how the secured creditor is treated under the plan.

NFV ZNews SPV LLC will sell all right, title and interest of Z News Service, Inc. in and to the “Collateral,” which includes all property and assets of every type (tangible, intangible, real, personal or mixed, whether now owned or hereafter acquired or arising, wherever located, and all proceeds, rents and products of the foregoing). The sale will be held on March 28, 2024, at 2:00 pm ET remotely via Zoom only. Bidders must submit a bid by March 25, 2024, at 5:00 pm ET. Professionals Involved: Ronald Gellert, James C. Bastian, Jr., Melissa Lower (Counsel for Secured Party) and Joshua Olshin, Auctioneer

NOTICE OF DISPOSITION OF COLLATERAL (PUBLIC SALE) UNDER SECTION 9-611 OF THE CALIFORNIA UNIFORM COMMERCIAL CODE Name of Debtor: AirX Bioscience, LLC, a Delaware limited liability company (the “Debtor”) Name of Secured Party: Oxford Finance LLC, a Delaware limited liability company (“Secured Party”)         Pursuant to that certain (i) Secured Promissory Note, dated as of September 27, 2019 (as amended, restated, supplemented or otherwise modified from time to time, the “Note”) by Debtor in favor of AirXpanders Assets Liquidation Company, LLC, a Kansas limited liability company (“AirXpanders”), and (ii) Security Agreement, executed on or about September 27, 2019 (as amended, restated, supplemented or otherwise modified from time to time, the “Security Agreement”, and together with the Note, the “Loan Documents”) between Debtor and AirXpanders, which Loan Documents were subsequently assigned to Secured Party, Debtor assigned to Secured Party all of such Debtor’s right, title and interest in the […]

Saperean Largo Mezz, LLC, the “Secured Party,” will sell 100% of the membership interests, the “Collateral,” in Largo Senior Living, LLC, the “Mortgage Borrower.” Membership interests are currently owned by Largo Mezz, LLC, the “Debtor.” Mortgage Borrower owns the real property located at 360, 400 and 450 Sky Bridge Drive, Upper Marlboro, Maryland 20774. The public auction will be held on February 20, 2024 at 3:30 pm ET, by remote auction via Zoom. Professionals Involved: Thomas Tumbleson of Tumbleson Auction Company and Brock Cannon of Newmark

The assets of a confidential Award Winning Wellness Beverage Company will be sold in an ABC sale on Dec. 18, 2023.

DSI Assignments to Conduct Auction Sale of Intellectual Property for Jane Marketplace, LLC. Jane.com began operating in 2011 as a daily deal website and evolved into an E-commerce marketplace destination for new fashion trends, boutique apparel, accessories, home décor, and children’s clothing. Bids must be submitted no later than January 15th by 5pm ET. Professionals Involved: George E. Shoup III, Steven L. Victor, and David J. Young, all of DSI Assignments.

DSI Assignments will conduct an ABC sale of the IP and other assets of Bandier Holdings, LLC. Bandier operates five branded retail stores throughout the U.S. and an Ecommerce platform. Bandier’s offerings spanned apparel, footwear, and accessories. Bids must be submitted no later than December 18th by 5pm ET. Professionals Involved: James Romey and Steven Victor of DSI; Alessandra Glorioso of Dorsey and Whitney LLP

Sturgis Capital Financial Group LLC will sell the assets of DACRA-MSI LLC on December 4th 2023, at 10:00 am CT. Assets to be sold are listed on Exhibit A. Professionals involved: Bernard K. Weiler of Mickey, Wilson, Weiler, Renzi, Lenert & Julien, P.C.

Substantially all of the assets of Slync will be sold in a Delaware assignment for the benefit of creditors (“ABC”) sale. Qualified bids must be submitted by 5:00 pm PT on November 20th. The predecessor at Slync was a logistics software development company that created efficiencies in historically manual processes, primarily focusing on freight schedule management. Professionals involved: Matthew Sorerson and Steven Victor of Development Specialists, Inc. and Richard Beck and Alyssa Radovanovich of Klehr Harrison Harvey Branzburg LLP.

Substantially all of the assets of Armor Health Management, LLC will be sold in a Florida assignment for the benefit of creditors (“ABC”) sale. Armor is engaged in the business of providing correctional health management and related services to patients in correctional or related facilities. Bids must be submitted by 5:00 pm ET on December 1st. Professionals involved: Daniel J. Stermer of Development Specialists, Inc. and Paul J. Battista and Alison Day of Venable.