Search Results for: "Credit bid"
Careless mistakes in UCC-3 terminations and continuations can lead to costly litigation with secured parties. Learn best practices for filing and recording.
NOTICE OF SALE PLEASE TAKE NOTICE that on July 28, 2023 at 9:30 am ET, Stephen B. Ravin, Esq., Assignee for the Benefit of Creditors of Brooklyn Born Chocolate LLC (http://www.brooklynbornchocolate.com ) and Theobroma Chocolates LLC, (“Assignors”) shall move before the Superior Court of New Jersey, Union County, Chancery Division, Probate Part, (the “Court”) for approval of the stalking horse offer of BBC USA LLC., (“Stalking Horse Offer”) OR ANY HIGHER OR BETTER OFFER (the “Sale Hearing”). The Stalking Horse has entered into an Asset Purchase Agreement (“APA”) with the Assignors on or about April 21, 2023. PLEASE TAKE FURTHER NOTICE THAT the Stalking Horse is represented by Chad B. Friedman, Esq. and the Assignors are represented by Dipesh Patel, Esq. PLEASE TAKE FURTHER NOTICE THAT the Stalking Horse Offer is for the purchase of substantially all of the Assignors’ assets, free and clear of liens and claims. Said assets […]
Ordinary asset purchase? Article 9 sale? Bankruptcy acquisition? When buying a distressed business, the type of purchase should be top of mind.
AUCTION OF ASSETS OF DEAL GENIUS, LLC Bid Deadline: July 10, 2023, at 5:00 pm Central Daylight Time Deal Genius, LLC (”Deal Genius”), a retailer of consumer goods and other products, has entered an Assignment for the Benefit of Creditors with Moglia Advisors (the “Assignee”). The Assignee is operating the business, primarily on-line and through two leased locations, and will sell the assets (the “Assets”) at public auction in a single lot consisting of, but not limited to, clothes, housewares, tools, lawn and garden goods, toys, trade secrets, trademarks, domains, and copyrightable information. Simultaneously and jointly with the Assignee’s sale of the Assets, the senior secured creditor of Deal Genius will sell its collateral to enable the purchaser of the Assets to acquire them free and clear of liens discharged by such sale under Article 9 of the Uniform Commercial Code. Process Overview The Assignee will provide a form asset […]
NOTIFICATION OF DISPOSITION OF COLLATERAL To: Interested Members of the Public From: BANANA STAND ACQUISITION LLC (“Secured Party”) c/o Levenfeld Pearlstein, LLC, Attorney for the Secured Party Attn: Jamie L. Burns 120 S. Riverside Plaza, 18th Floor Chicago, Illinois 60606 (312) 476-7601 Names of Debtor(s): TRIPLE AUGHT DESIGN LLC (the “Company”) We will sell the Collateral described below to the highest qualified bidder in public as follows: Day and Date: July 5, 2023 Time: 9:00 a.m. CST Place: Remote Sale via Zoom www.zoom.us Login: 852 8066 2456 Password: 585306 Collateral: All of the Company’s assets, howsoever arising, wherever located, including but not limited to the following: (1) all Equipment; (2) all Accounts […]
NOTICE OF PUBLIC DISPOSITION (FIRSTIME DESIGN LIMITED, FIRSTIME MANUFACTORY, INC. AND INNERSPACE LUXURY PRODUCTS, LLC) NOTICE IS HEREBY GIVEN that Aequum Capital Financial LLC (“Secured Party”) will sell substantially all of the assets owned by FirsTime Design Limited, a Wisconsin corporation, FirsTime Manufactory, Inc., a Wisconsin corporation, and InnerSpace Luxury Products, LLC, a Georgia limited liability company (each of and collectively, “Debtor”), at a public disposition to be conducted at 10:30 am (prevailing Central Time) on Thursday June 22, 2023 (as such date and time may be continued from time to time, the “Sale”), in person at Bryan Cave Leighton Paisner LLP, 161 North Clark Street, Suite 4300, Chicago, IL 60601-3315. Pursuant to that certain Credit and Security Agreement dated as of September 23, 2022, by and between Secured Party and Debtor (the “Credit Agreement”), Debtor granted Secured Party a security interest in substantially all of Debtor’s assets (the “Sale […]
AUCTION OF ASSETS OF Confidential Company Offer Deadline June 26, 2023, at 5:00 pm Pacific Time. NDA Deadline June 14, 2023 Background The Confidential Company is a is a premium furniture rental company. The Company elevates the home furnishing experience for the next generation of professionals through product quality, service level, and sustainability. The Company has two business segments servicing seven metro areas: Direct to Consumer: Its furniture-as-a-service solution focuses on young, successful renters who value a more sustainable and flexible alternative to the hassles of moving, storing and trashing furniture. Business to Business: The Company works with real estate operators to power furnished rental programs, providing a best-in-class, 360o holistic solution across design, operations, installation, technology and financing. The Company is the subject of an assignment for the benefit of creditors. Process Overview The prospective Assignee will provide a form asset purchase agreement (“APA”) to interested parties who […]
NOTICE OF PUBLIC SALE (NOTIFICATION OF DISPOSITION OF COLLATERAL) NOTICE IS HEREBY GIVEN THAT, pursuant to Section 9-610 of the Uniform Commercial Code as adopted in the State of New York and any other applicable jurisdictions, and any other applicable law, Hilldun Corporation (the “Secured Party”) will offer for sale to the public, by public auction (the “Auction”), substantially all of the assets (excluding equipment, inventory, and property leased from third parties) of SAND SHACK LLC, a Delaware limited liability company (the “Debtor”), including, without limitation, the Debtor’s right, title, and interest in and to all accounts, intellectual property (including, without limitation, designs, logos, trademarks, trade names, internet domain names, email accounts, social media accounts, and customer lists), general intangibles, instruments, documents, contract rights, and chattel paper (collectively, the “Assets“). The Debtor has granted a security interest in all of the Assets to the Secured Party to secure Debtor’s obligations to the […]
NOTICE OF PUBLIC SALE BY ORDER OF THE ASSIGNEE FOR THE BENEFIT OF CREDITORS OF INTERNATIONAL SPRING COMPANY, INC. SALE OF ASSETS: Notice is hereby given that on Wednesday, March 29, 2023 at 2:00PM CDT (the “Date of Sale”), in the offices of Rally Capital Services, LLC, 350 North LaSalle St, Suite 1100, Chicago, IL 60654, Howard B. Samuels, not individually, but solely as Assignee for the Benefit of Creditors (the “Assignee” or “Seller”) of International Spring Company (“ISCO”) and authorized agent of JHG Leasing, LLC and Warnock Spring Mfg., Co. (the “Equipment Companies”), shall hold a public auction to offer for the sale of substantially all assets of ISCO and equipment owned by the Equipment Companies (collectively the “Sale Assets”) including the Seller’s right, title and interest in and to all of its assets whether tangible or intangible, real or personal or mixed, owned or leased (including indirect and […]
A supplier to a potentially bankrupt retailer can mitigate losses by invoking the right to suspend delivery, demanding adequate assurance, and more.