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About The DailyDAC Editors

The DailyDAC Editors

The editors and editorial board of DailyDAC include preeminent restructuring and insolvency professionals, journalists, and editors. They are devoted to providing reliable and plain English education and deal intelligence about assignments, corporate bankruptcy, receiverships, out-of-court workouts and similar topics.


Articles by The DailyDAC Editors

PUBLIC NOTICE OF ARTICLE 9 SALE OF NEWPORT EXCHANGE HOLDINGS, INC. , NEH SERVICES, INC., OTA FRANCHISE CORPORATION, AND OTA REAL ESTATE, INC. COLLATERAL Notice is hereby given that, pursuant to Cal. Comm. Code §§ 9610 and 9613 and UCC §§ 9-610 and 9-613, Capital Recovery Solutions, LLC (“Secured Party”), will sell the collateral described below (the “Collateral”) owned by Newport Exchange Holdings, Inc., NEH Services, Inc., OTA Franchise Corporation, and OTA Real Estate, Inc.  (“Borrower”) by public auction sale (“Sale”) to the highest price as may offered by a qualified bidder as determined by the Secured Party, in its sole discretion. The Sale is being conducted by Secured Party to enforce its rights as a secured lender pursuant to the Loan and Security Agreement dated September 17, 2019, and related documents (“Loan Documents”).  The indebtedness owed as of June 24, 2024, is not less than $13,071.430.71, plus interest, costs […]

Sale of Assets by the Order of the Bankruptcy Trustee  Electriq Power, Inc. Case No. 24-14427-MAM and Electriq Power Holdings, Inc. Case No. 24-15235-MAM Assets valued in excess of $18M+ The assets to be liquidated include advanced solar energy storage solutions, smart home battery backup systems, related product lines, software support and technologies, warehouse equipment, tools, hardware, machinery and intellectual property. We are accepting bids concurrently for a bulk offering of all Electric Power assets and by product category, such as those interested in acquiring the battery lines, software, IP, etc. Bid submission deadline: Monday, July 1 at 5:00 PM. Contact Michael Shirinian at [email protected] to request access to various evaluation materials (such as inventory, bid/auction procedures, municipal contracts, records, data, agreements etc.) or call (954) 252-2887 for more information. www.moeckerauctions.com AB-1098  AU-3219, Eric Rubin

NOTICE OF PUBLIC SALE OF COLLATERAL Pursuant to Section 9.610 of the Texas Business and Commerce Code (the Texas Uniform Commercial Code, the “UCC”), GROWSOUTH KESSLER, LLC, a Delaware limited liability company, having an address at c/o Civitas Capital Management, LLC, 1722 Routh Street, Suite 800, Dallas, Texas 75201 (herein “Mezzanine Lender”) will sell, at Public Sale, the Collateral (as defined below) pledged by GFCA OPPORTUNITY I GP, LLC, a Texas limited liability company (“GFCA”) and GFLP Entity I, LP, a Delaware limited partnership (“GFLP,” and together with GFCA, each a “Pledgor” and collectively the “Pledgors”), in accordance with the terms hereof and that certain Pledge and Security Agreement (the “Pledge Agreement”) dated as of June 21, 2019 executed by the Pledgors and GFCA OPPORTUNITY I, LP, a Texas limited partnership (the “Borrower”), and acknowledged and agreed to by the Mezzanine Lender. Collateral description The Collateral to be sold at […]

NOTICE OF PUBLIC SALE Pursuant to the provisions of the Uniform Commercial Code, as enacted in New York (Statute §38-9-610), and pursuant to the terms and provisions set forth below, Decathalon Alpha V, L.P. will sell the following property owned by Debtor, an information technology company acting as a digital systems integrator, without warranty relating to title, possession, quiet enjoyment, or the like: All assets, including but not limited to Accounts, Equipment, Intellectual Property, General Intangibles, one Dell XPS 5490, three ThinkPad X1 Carbon  Gen 8, one MacBook Pro – Space Gray:  16″ monitor, ThinkPad X1 Carbon Gen 9, one MacBook Air w/M2 Chip, one MacBook Pro – 14″, one Mac Book Pro, Rochester Office Furniture, Software Platforms and associated IP Date and Time: June 28, 2024 at 10:00 a.m. Place: Virtual meeting More info: Contact Darren Hall of Brock & Grey, LLC @ [email protected] | 413-320-1479

Advice for hard money lenders that have never loaned on raw land before. What special risks does raw land collateral pose to a lender?

Notice of Secured Party’s Sale at Public Auction on June 14, 2024 SECURED PARTY’S SALE AT PUBLIC AUCTION ON FRIDAY, JUNE 14, 2024, commencing at 3 p.m. CDT. Certain assets of TrueNorth Projects, LLC, a Delaware limited liability company (the “Debtor”), will be offered for sale by Mayaguana Island Developers, Limited, a company formed under the laws of The Bahamas (the “Secured Party”), to the highest bidder at a public auction held via remote communication. The assets for sale are a twenty percent Membership Interest in True North Services, LLC, a Nevada limited liability company, together with all proceeds and substitutions thereof, all cash, securities and other moneys and property paid thereon, all rights to subscribe for securities declared or granted in connection therewith, and all other cash and noncash proceeds of the foregoing (all hereinafter referred to as the “Asset”). The Secured Party will make absolutely no representations or […]

A Chicagoland-based landscaping subcontractor that specializes in erosion control, hardscaping, and soft-scaping services for major commercial and industrial projects in the Chicagoland area and throughout the State of Illinois and operates as a Minority Business Enterprise is being sold pursuant to an Illinois Receivership. Professionals involved: Biegel Macaraeg and Camryn Douglas of Newpoint Advisors Corporation. No deadline has been set.

Notice Of Sale Of Collateral Under The Uniform Commercial Code Debtor: BLACK DOG CHICAGO, LLC, an Illinois limited liability company 4226 Lawndale Avenue, Lyons, Illinois 60543 Secured Party: INDER GAURI, a natural person 1611 West Rosehill Drive, Chicago, Illinois 60660 NOTICE Under Section 5/1-101 et. seq. of the Illinois Uniform Commercial Code (810 ILCS 5/1-101) and pursuant to the terms and provisions contained in that certain Security Agreement dated as of January 3, 2019 and executed by Black Dog Chicago, LLC (“Debtor”) and PNC, National Association, the predecessor-in-interest to Inder Gauri (“Gauri”), Gauri will sell via auction at public sale (the “Auction”) on MONDAY, JUNE 3, 2024 at 10:00 a.m. Central Daylight Time (the “Auction Date”), at the offices of Robbins DiMonte, Ltd., 180 N. LaSalle Street, Suite 3300, Chicago, Illinois, virtually hosted on Zoom and recorded, in accordance with the terms and conditions set forth below the following described […]

The CRA adds new State Directors from East to West with the appointments of Washington D.C.’s Mark Owens and Washington State’s Eric Camm.

The assets of Emmett Group LLC owned by HENDEL GOLD and MOSES GOLD will be sold in a UCC Article 9. The auction will be held on May 30th at 3:30pm with online bidding. Interested parties who intend to bid must receive the Terms and Conditions of Sale and bidding instructions by May 28, 2024 at 3:30pm. Professionals Involved: Greg Corbin of Northgate Real Estate Group, Matthew D. Mannion and William Mannion of Mannion Auctions LLC

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