PLEASE TAKE NOTICE THAT on November 22, 2022 (the “Sale Date”), at the hour of 9:00 a.m. Central Time, Brent Ullman Group, LLC, as secured creditor (“Secured Creditor”) of Cross Borders, LLC (the “Debtor”) will hold a public foreclosure sale (the “Public Sale”) conducted virtually via WebEx under Section 9-610 of the Illinois Uniform Commercial Code of all of the rights, title and interest of the Debtor in, under and to the Demand Note dated February 15, 2017, in the face amount of $596,000 issued by Connie’s Naturals, LLC n/k/a MJS-CN, LLC (“Connie’s) to the Debtor (the “Collateral”) pledged to Secured Creditor.
The sale will be held on a “as is, where is” basis, without recourse, representations, warranties, indemnities or guaranties, whether express or implied and the sale of the Collateral will be made by a quit claim bill of sale.
Secured Creditor reserves the right to have potential bidders demonstrate their ability to perform and close to the reasonable satisfaction of Secured Creditor. Secured Creditor reserves the right to credit bid for the Collateral and to increase any credit bid amount at the public sale. The purchaser other than the Secured Creditor will be required to pay the purchase price, via wire transfer on or before 2:00 p.m. Central Time on the Sale Date to the account designated by Secured Creditor at the conclusion of the public sale. Secured Creditor also reserves the right to adjourn, continue or cancel the public sale without further notice or publication other than by announcement at the time and place of the sale.
Any parties interested in bidding may obtain a copy of the bid procedures and further information about the sale by contacting counsel for the Secured Creditor at the phone number or email set forth below.
Timothy R. Casey
Faegre Drinker Biddle & Reath, LLP
320 S. Canal Street, Suite 3300
Chicago, IL 60606
Telephone: (312) 569-1201
Email: [email protected]
DailyDAC™ is the oldest, most trusted, and most widely used provider of public notices of asset sales and case commencements, and other important notices involving companies in financial distress in the United States and Canada. DailyDAC™ public notices are used by bankruptcy trustees, chapter 11 debtors in possession, federal and state court receivers, and secured parties disposing of their collateral under Article 9 of the Uniform Commercial Code or other state law trust (and their respective auction firms, law firms, and other agents). Learn more.
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