Search Results for: "Credit bid"
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 […]
NOTICE OF PUBLIC FORECLOSURE SALE CIYC II, LLC (the “Debtor”) NOTICE IS HEREBY GIVEN that ARENA CIYC, LLC, a Delaware limited liability company, as collateral agent (or any of its successors or assigns, the “Agent”), will offer for sale (the “Sale”) at public auction (the “Auction”) the following property: all Collateral (as defined in the Uniform Commercial Code or if undefined therein, in the Credit and Security Agreement by and among the Debtor, Agent and the other parties party thereto, dated June 28, 2018 (the “Credit Agreement”; the Agent and the lenders party to the Credit Agreements are referred to herein as the “Secured Parties”). The collateral includes but is not limited to: all Accounts, Books, Chattel Paper, Commercial Tort Claims, Deposit Accounts, Equipment, Farm Products, Fixtures, General Intangibles, Inventory, Investment Property, Negotiable Instruments, Money, books and records, Securities, Receivables or other assets of Debtor (collectively, the “Collateral”). For the […]
NOTIFICATION OF UCC PUBLIC SALE NOTICE IS HEREBY GIVEN that, pursuant to Section 9-610 of the Uniform Commercial Code, all of the right, title, interest, claim and estate of the collateral described below will be sold by Green Hills Software LLC (“Secured Party”), as the secured party under certain agreements with Hoyos Integrity Corporation, a Delaware corporation (“Hoyos”), to the highest bidder at a public sale via Zoom to take place on April 22, 2022 at 10:00 a.m. (Pacific Time). The collateral of Secured Party to be sold at this public sale consists of all right, title, estate, claim, and interest of Hoyos in: The first ten thousand (10,000) phones acquired and/or manufactured by Hoyos following the Closing Date under that certain Loan and Security Agreement, dated as of December 15, 2020 (the “Loan Agreement”), between Hoyos, as borrower, and Secured Party, as lender, including, without limitation, any phones that […]
NOTICE OF PUBLIC SALE OF COLLATERAL PLEASE TAKE NOTICE that in accordance with applicable provisions of the Uniform Commercial Code as enacted in all applicable jurisdictions, LoanCore Capital Credit REIT LLC (“Secured Party”) will offer for sale, at public auction, all of 225 Deerpath Investors, LLC’s (“Debtor”) right, title and interest in and to (a) 100% of the limited liability company interests of 225 E. Deerpath, LLC, a Delaware limited liability company (“Owner”), and (b) certain related rights and property relating thereto (collectively, (a) and (b) are the “Collateral”). Based on Debtor’s disclosures, Secured Party understands that the principal asset of Owner is certain real property located at 225 E. Deerpath, Lake Forest, IL 60045, and such property is subject to one or more mortgages. The public auction will be held on April 27, 2022 at 12:00 P.M. (CST), by remote auction via web-based video conferencing and/or telephonic conferencing program […]
The Jevic case upheld the absolute priority rule, but it did not prohibit structured dismissals. How are structured dismissals affected post-Jevic?
NOTICE OF PUBLIC SALE OF COLLATERAL PLEASE TAKE NOTICE that in accordance with applicable provisions of the Uniform Commercial Code as enacted in all applicable jurisdictions, LoanCore Capital Credit REIT LLC (“Secured Party”) will offer for sale, at public auction, all of 225 Deerpath Investors, LLC’s (“Debtor”) right, title and interest in and to (a) 100% of the limited liability company interests of 225 E. Deerpath, LLC, a Delaware limited liability company (“Owner”), and (b) certain related rights and property relating thereto (collectively, (a) and (b) are the “Collateral”). Based on Debtor’s disclosures, Secured Party understands that the principal asset of Owner is certain real property located at 225 E. Deerpath, Lake Forest, IL 60045, and such property is subject to one or more mortgages. The public auction will be held on January 21, 2022 at 12:00 p.m. (CST), by remote auction via web-based video conferencing and/or telephonic conferencing program […]