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Search Results for: "Credit bid"

What rights do non-debtors have in the treatment of executory contracts? Learn about rejecting or assuming executory contracts as a non-debtor.

The assets of a confidential designer furniture company will be sold in an ABC sale on October 13, 2022 at 5:00 pm PT.

The Assignee, Joseph J. Luzinski will conduct an auction with respect to the sale of the assets of Aerion corporation on September 16, 2022, at 9:00 a.m. EST.

“Honesty of intention, freedom from knowledge of circumstances that would put a reasonable person on inquiry, and an absence of design to gain an improper advantage. Referred to by courts as an “overriding principle of bankruptcy administration,” the concept comes into play throughout a bankruptcy case—from the filing of the case, to the protection of certain persons doing business with the estate, to the potential applicability of certain defenses asserted by a transferee, to the filing of a plan. For example: If a debtor files a bankruptcy case with a […]

AUCTION OF ASSETS OF Confidential Company Offer Deadline. August 19, 2022 at 5:00 pm Pacific Time. NDA Deadline. August 5, 2022 Background. The Confidential Company develops, produces, and sells designer furniture and related goods to consumers, architects, interior designers and contract dealers. Manufacturing is largely domestic. 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 have executed a non-disclosure Agreement (“NDA”) by the NDA Deadline. Letters of Intent in the form of a redline to the APA (containing the additional information as may be required by the prospective Assignee) must be received no later than the Bid Deadline. The winning bidder will be selected and notified by the prospective Assignee on August 22, 2022. The selection of the winning bidder is in the prospective Assignee’s absolute discretion. The winning […]

AUCTION OF ASSETS OF Confidential Company Offer Deadline. July 29, 2022 at 5:00 pm Pacific Time. NDA Deadline. July 15, 2022 Background. The Confidential Company is a professional services company which has been engaged in the business of facilitating mobile installations of accessory parts for jeeps and other 4×4 types of vehicles as well as facilitated in-home installations of bathtub cut outs (approx. 50 orders per week). 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 have executed a non-disclosure Agreement (“NDA”) by the NDA Deadline. Letters of Intent in the form of a redline to the APA (containing the additional information as may be required by the prospective Assignee) must be received no later than the Bid Deadline. The winning bidder will be selected and notified by the […]

AUCTION OF ASSETS OF CONFIDENTIAL COMPANY 1. Offer Deadline. July 8, 2022 at 5:00 pm Pacific Time. 2. NDA Deadline. June 24, 2022 3. Background. The Confidential Company’s Learning Methodology puts the learner first and is based on proven research and learning science that blends interactive and gamified micro-courses designed to power up soft skill development. This learner-led approach focuses on discovery, knowledge transfer, reinforcement of knowledge, and application that can be personalized, is scalable, and focuses on the learning experiences as opposed to learning content. Using the proven 70-20-10 blended learning L&D rule, the Company designs learning journeys that incorporate on-the-job experiences, community collaboration and gamified courses. The company has four categories of Learning Journeys: Soft-skills Training Career Readiness Expert Industry Courses (such as Design Thinking, Consumer Spending Behavior, Storytelling, & Broadcasting, etc.) Custom Learning Journeys The company is the subject of an assignment for the benefit of creditors. […]

A curious mystery unraveled. Learn about the significant aspects of an Assignment for the Benefit of creditors, and why knowing the Assignee is important.

NOTICE OF PUBLIC SALE BY ORDER OF THE ASSIGNEE FOR THE BENEFIT OF CREDITORS OF DABECCA NATURAL FOODS, INC. 700 W 107th St. CHICAGO, IL 60628 SALE OF ASSETS: Notice is hereby given that on May 25, 2022 at 2:00 pm, CDT (the “Date of Sale”), in the offices of Rally Capital Advisors, 350 N LaSalle St., Suite 1100, Chicago, IL, Howard B. Samuels, not individually, but solely as Assignee for the Benefit of Creditors (the “Assignee” or “Seller”) of DaBecca Natural Foods, Inc. (“DaBecca Natural Foods, Inc.”) shall hold a public auction (“Auction”) in accordance Illinois law and other applicable laws to offer for sale substantially all assets of DaBecca Natural Foods, Inc. (collectively the “Sale Assets”) including all of Assignee’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 other forms […]

NEWPOINT ADVISORS CORPORATION NOTICE OF ASSIGNEE’S SALE OF ASSETS OF DIGITAL GOLF TECHNOLOGIES, INC. D/B/A SWING KING PLEASE TAKE NOTICE that on Wednesday, June 22, 2022 @ 10:30 a.m. (CT), live via ZOOM, Matthew Brash, not individually but solely in his capacity as assignee for the benefit of creditors (the “Assignee”) of Digital Golf Technologies, Inc. d/b/a Swing King (“Swing King” or the “Company”) intends to sell at public sale all of his right, title and interest in the Company’s assets including, but not limited to, golf technology, inventory, equipment, IP, and contracts at 300+ golf courses nationwide. Swing King is an established golf technology company which operates 300+ remote hole-in-one systems across the United States. The Company installed and monitored hole-in-one contests. TERMS AND CONDITIONS OF SALE: The assets will be offered in a single lot on an AS IS, WHERE IS BASIS, WITH NO REPRESENTATION OR WARRANTIES OF […]

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