Search Results for: "Credit bid"
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 November 17, 2021 at 12:00 p.m. (CST), by remote auction via web-based video conferencing and/or telephonic conferencing program […]
ASSIGNEE AUCTION OF THE ASSETS OF DB CYBERTECH, INC. DB CyberTech, a Delaware Corporation f/k/a DB Networks, Inc., a Delaware Corporation, Inc. (“DB CyberTech”), a cyber security company, has ceased operations and executed an Assignment for the Benefit of Creditors in favor of DB Cyber ABC, a limited liability company, as assignee (the “Assignee”) under California law on July 29, 2021. The Assignee intends to sell at auction all property of DB CyberTech as detailed below (the “Auction Assets”). All bids must be received by no later than 5:00 pm (prevailing Pacific time) on September 17, 2021. Assets to be Sold: The Auction Assets include all the Assignee’s right, title and interest in the following: Trademark #5,784,830 registered 6/25/2019 for “DB CyberTech” Trademark #4,351,865 registered 6/11/2013 for “DB Networks” Trademark #5,250,014 registered 7/25/2017 for “DB Networks” stylized with a shield Trademark #5,867,678 registered 3/14/2019 for “Aspecto” Patent Application PCT/US20/17064 Automated […]
PUBLIC NOTICE OF UCC SALE: JP INTERNET VENTURES, LLC NOTICE IS HEREBY GIVEN, that pursuant to Section 9-610 of the Uniform Commercial Code (the “UCC”), as adopted in the State of Illinois and any other applicable jurisdictions, and any other applicable law, NuMed Partners, LLC (the “Secured Party”) will offer for sale to the public (the “Auction”) all of the right, title, and interest of JP Internet Ventures, LLC, a Nevada limited liability company (the “Debtors”) in and to Products JP, LLC, a Nevada limited liability company, and in a License and Transfer Agreement dated November 17, 2017, by and between Debtor and Products JP, LLC (collectively, the “Assets”). The Assets include an exclusive license held by the Debtor to use the trademark “POT.COM” and the internet domain names “pot.com”, “pot.cc”, “pot.directory”, “pot.email”, “pot420.club”, “pot420.com”, “pot420news.com”, “420cannabiscommunity.com”, and “420communitypot.com”, and all associated internet domain name services and capabilities, including email […]
AUCTION OF ASSETS OF ANTENNA INTERNATIONAL (US), LLC 1. Offer Deadline. July 14, 2021 at 5:00 pm Pacific Time. 2. NDA Deadline. July 6, 2021 3. Background. Provider of audio and multimedia guide services. The company specializes in the production and delivery of educational content such as audio tours, mobile apps, multimedia guides, podcasts, interactives and superior story-driven content including augmented reality and image recognition for the museum, art galleries, industrial factories, cultural and travel sectors. Antenna is the subject of an assignment for the benefit of creditors. 4. 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 […]
Auction Showcase: Bank Owned Properties Across Alabama, Georgia and Mississippi! BANK OWNED & PRIVATE EQUITY GROUP PROPERTIES: Seven Hills Auctions is pleased to offer properties across Alabama, Georgia and Mississippi. This auction includes commercial buildings, commercial land, bulk homesite packages, large acreage tracts, bank branch, religious facility, a restaurant and more. Selling by order of super regional banks and private equity groups. Don’t miss out on this incredible opportunity to buy real estate at public online auction! View all properties with pictures Terms and Conditions The following Terms and Conditions apply to all properties offered in this auction. Seven Hills Auctions, LLC hereinafter “Auctioneer”, shall be construed to apply to all officers, principals, employees, agents and/or any other representatives hired or contracted with the Auctioneer. Anyone participating in the auction by registering for the auction, placing a bid or bidding on behalf of another person or entity with a Power […]
The ABCs of ABCs, Business Bankruptcy, & Corporate Restructuring/Insolvency In Installment 5, we walked through the lifecycle of a hypothetical traditional chapter 11, and in Installment 6 we discussed key concepts you must comprehend in order to understand any chapter 11 case. Now we pull the camera back and turn our focus away from chapter 11 specifically, to look more broadly at the options available to a company (that is, a “debtor”) and to its various constituents (e.g., creditors and equity owners) when that company is experiencing financial distress so […]
Keen-Summit Capital Partners LLC has been retained by Armaos Property Holdings, LLC and Olympic Hotel Corporation (“Debtor”) as the exclusive real estate advisor to run the sale process for the sale (the “Transaction”) of the Baymont Inn & Suites located at 360 Route 12, Groton, CT. The Debtor has filed a sale motion with the Bankruptcy Court seeking a Bid Deadline of April 23rd and Auction Date of April 30th. The proposed minimum bid is $4,800,000. More information on the Keen-Summit landing page for the sale, including flyer PDF, form confidentiality agreement, and copy of sale motion. Or call any of Matt Bordwin(646) 381-9202; Chris Mahoney (646) 381-9205; or Heather Milazzo (646) 381-9207. Be sure to tell them you saw it in DailyDAC! About Keen-Summit Capital Partners LLC Keen-Summit Capital Partners LLC is a real estate brokerage, workout and investment banking firm specializing in special situations, restructurings, bankruptcies and receiverships. […]
TRUSTEE/ASSIGNEE AUCTION OF THE ASSETS OF COMMERCIAL ELECTRONIC SYSTEMS, INC. Sale of Property: On March 12, 2021 at 10:00 a.m. at the offices of Commercial Recovery Associates, LLC, located at 205 West Wacker Drive, Suite 918, Chicago, IL 60606, Robert Handler (the “Trustee/Assignee”), not in his individual capacity but solely as the Trustee/Assignee for the Benefit of Creditors of Commercial Electronic Systems, Inc. (“CES” or the “Company”), anticipates conducting an auction sale (the “Auction”) of some of the Company’s tangible and intangible assets, consisting primarily of inventory, equipment and furniture & fixtures, service contracts and monitoring contracts (“the Contracts”), all customer information and Company telephone numbers, website, social media accounts, domain name, and the Company’s legal name (collectively, the “Sale Assets”), a list of which the Trustee/Assignee will make available to potential bidders. Click here to see additional information on Commercial Electronic Systems, Inc. Stalking Horse Offer: The Trustee/Assignee and […]
An Introduction to the Distressed Company’s Superman: The Chief Restructuring Officer The role of a Chief Restructuring Officer (“CRO”) is approximately four decades old. While still a somewhat new role in the 1990s, CROs are now ubiquitous in the restructuring community. Todd Zywicki, a George Mason law professor who specializes in bankruptcy law, traces the origin of the CRO to the Bankruptcy Reform Act of 1978 (the “1978 Act”). The 1978 Act created “a unified reorganization chapter [chapter 11] that is fundamentally grounded in the presumption that pre-bankruptcy management will […]
Creative Destruction and an Inevitable Fall: What Can We Learn From the Penthouse Magazine Bankruptcy? Penthouse International, publisher of Penthouse Magazine, sold for $11.2 million in June of 2018. The company was worth about $700 million (adjusted for inflation) at its height. The latest Penthouse Magazine bankruptcy highlights just how far Penthouse has fallen, and what lessons can be learned regarding bankruptcy in general. The New Owner The buyer was WGCZ, which also owns XVideos.com and Bangbros.com. XVideos, in turn, functions as an aggregator (just as YouTube is an aggregator […]