NOTICE OF PUBLIC SALE BY ORDER OF ASSIGNEE FOR THE BENEFIT OF CREDITORS OF OLYMPIC OIL LTD. SALE OF ASSETS: Notice is hereby given that on Monday, July 25, 2016 at 2:00 pm, central time (the “Date of Sale”), in the offices of Rally Capital Services, LLC, 350 North LaSalle St, Suite 1100, Chicago, IL 60654, that Howard B. Samuels, not individually, but solely as Assignee for the Benefit of Creditors of Olympic Oil Ltd. (the “Assignee”), shall hold a public auction in accordance with Illinois common law to offer for sale all of Olympic Oil Ltd.’s right, title and interest in and to all of its assets whether tangible or intangible, real or personal or mixed, owned or lease (including indirect and other forms of beneficial interest) wherever located and by whomever possessed including but not limited to: (a) all tangible property, including but not limited to, cash, accounts receivable, office furniture, fixtures, […]

Assignee’s Return of Bids Sale NORTH SHORE METALS, INC. 1121-L LAKE COOK RD. DEERFIELD, IL 60015   SALE OF ASSETS:  On March 25, 2016 Howard B. Samuels, not individually, but solely as Assignee for the Benefit of Creditors (the “Assignee”) of North Shore Metals., Inc. (“North Shore”), intends to sell his right, title and interest in and to certain assets (the “Assets”) as more fully described below.  The Assets sold or to be sold will be offered as a single lot.  The Assets to be sold include the office furniture and computer equipment, the intangible Assets, including but not limited to all customer and supply records and mailing lists relating to North Shore Metals, Inc.; the right to the name “North Shore Metals, Inc.” and all derivative names; Company’s telephone and fax numbers and listings; all software; all rights and interests in all intellectual property including without limitation copyrights, trademarks […]

By authority granted by CSI Products, Inc., a Missouri corporation (“Debtor”), to Big Shoulders Capital, LLC, an Illinois limited liability company, successor-in-interest to CommunityAmerica Credit Union, a Missouri state chartered credit union (“Secured Party”), pursuant to: (i) that certain Commercial Security Agreement dated March 3, 2011 executed by Debtor in favor of Secured Party (as the same may have been modified and amended from time to time); and (ii) that certain Commercial Security Agreement dated March 3, 2011 executed by Debtor in favor of Secured Party (as the same may have been modified and amended from time to time), the following personal property of Debtor (the “Property”) will be sold at public auction on behalf of Secured Party pursuant to Article 9 of the Missouri Uniform Commercial Code (capitalized terms are defined by the Missouri Uniform Commercial Code): All Inventory, Chattel Paper, Accounts, Equipment, General Intangibles, and Consumer Goods (the “Collateral”), all […]

PLEASE TAKE NOTICE that pursuant to Section 5/9-610 of the Illinois Uniform commercial Code and that certain Term Promissory Note and Security Agreement dated November 3, 2014 (as amended, restated, or otherwise modified from time to time the (the “Loan Agreement”), by and among Loeb Term Solutions, LLC, an Illinois limited liability company (the “Lender”) and Pure Metal Recycling LLC, an Illinois limited liability company (the “Borrower”), and various other “Loan Documents” as defined therein, the Lender will sell all of the Borrower’s right, title, and interest in and to all of the Assets (defined below), subject to the terms and conditions set forth herein below, at a public sale (the “Sale”) at 9:30 a.m., prevailing Chicago time, on January 29, 2016 (the “Sale Date”) at the offices of Barnes & Thornburg, LLP, One North Wacker Drive, Suite 4400, in Chicago, Illinois, 60606. The Assets secure the repayment of the indebtedness of the […]

The bankruptcy case of the Spokane Country Club (“SCC” the “Club” or the “Debtor”) is a very interesting study of how the bankruptcy process has not only been used to disrupt the collection efforts of plaintiff creditors who have already been awarded a judgment, but also to essentially negate significant policy changes for a club that had been stipulated to in a state court proceeding. The Club was founded in Spokane, Washington in 1898. Spokane is located on the far eastern side of Washington State, closer to Missoula, MT than to Seattle. The city […]

A sale conducted per section 363(b)(1) of the Bankruptcy Code outside of the ordinary course of the business of the debtor, and not under any plan of reorganization. By a section 363 sale, a debtor (as DIP or via a chapter 7 trustee) may sell substantially all of its assets, or any part of its assets (e.g., a business line, a machine, intellectual property, etc.).  As occurred in the General Motors and Chrysler chapter 11 cases, a debtor may sell its business or part of it as a going concern.  Very […]