October 27, 2020
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Public Notice of Assignee Auction of Luggage Manufacturer

Auction Advisors is accepting bids for the assets of Travel Light, Inc. d/b/a G-RO until November 4th. Travel Light was a designer, manufacturer, and distributor of unique luggage and other travel accessories operating primarily under the brand name G-RO. The company had a celebrity following and served many of the fastest growing national retailers and brands. Assets to be sold include: (i) patents associated with the innovative luggage products; (ii) trademarks; and (iii) inventory.

More information on DailyDAC here.
 

An Introduction to Bankruptcy Claims Trading

This article by Timothy Bennett of Fulcrum Capital provides a comprehensive primer on the basics of claims trading, including a discussion of the claims trading marketplace generally, motivations for participants, documentation basics, business and legal structuring considerations, and risks borne by sellers and purchasers in these transactions. If Tim’s article isn’t basic enough, consider also JARGON OF THE WEEK - Claims Trading.
 

Must-Attend for Lenders, Credit Professionals and Restructuring Professionals

DailyDAC is proud to be a media partner for this important virtual event on November 4th and 5th. Back by popular demand, NYIC (the venerable New York Institute of Credit) presents its Virtual Smorgasbord. Over the course of two days there will be 20 live sessions with 80 speakers at which you can earn 18 CPE credits. Click here to register or for more information.
 
AIRA: 19th Annual Advanced Restructuring and Plan of Reorganization Conference
Latest Deals Added to the Opportunistic Deal Database
The deals listed here were added to the ODD throughout the seven day period ending this past Sunday. The number in parentheses next to each deal is its unique ID number, included so our paid subscribers can easily find these deals on our website.

Secured Party Sales

  1. Woodworking shop (w/support equipment) - (25609)
  2. 10,000 sq.ft. building on 0.885 acres - (25607)
  3. Office building - 0.47 acres - (25610)
  4. Transportation equipment - (25614)
  5. Textile & dye company - (25608)

Private Company Sales

  1. Heavy civil & marine construction company - (25600)
  2. High pressure control products distributor - (25597)
  3. Fabricated metal products business - (25594)
  4. Auto parts & machine shop - (25596)
  5. Medical supplier - (25595)

Assignment for the Benefit of Creditors Sales

  1. Catering services company - (25590)
  2. Medical supply company - (25591)
  3. Pool contractor - (25592)

Chapter 11 - 363 Sales

  1. Precision machining services - Aerospace industry - (25613)
  2. Large agriculture equipment manufacturer - (25581)
  3. Heavy equipment & machinery dealer - (25661)
  4. Food production/brewery company - (25660)
  5. Wind turbine cleaning business - (25659)
  6. Real estate holding company - (25662)
  7. Commercial printing company - (25612)

Chapter 11 - Investment Banker Application Filed

  1. Dental practice support services company - (25637)
  2. Generic pharmaceuticals manufacturer - (25638)
  3. Oil & gas exploration company - (25663)

Chapter 11 - Case Filing Indicates Future Asset Sale

  1. Specialty pharmaceutical company - (25641)
  2. Technology & gaming developer - (25643)
  3. Hydraulic fracturing business - (25640)
  4. Chain of yoga studios - (25575)
  5. Craft brewer - (25642)

Chapter 7 - Sale of Business Assets

  1. Intellectual property - Snack foods company - (25649)
  2. Commercial equipment leasing company - (25652)
  3. Freight shipping & trucking company - (25650)
  4. Real estate developer - (25648)
  5. Industrial equipment - (25651)

Chapter 12 Bankruptcy

  1. Farming equipment & real estate - (25645)
  2. Farmland/real property - (25644)

Rating Agency Alerts/Other Signs of Distress

  1. Nutraceutical/health supplement company - (25634)
  2. Lifestyle brand management company - (25633)
  3. Health & wellness company - (25636)
  4. Supplement manufacturer - (25635)
  5. eCommerce platform - (25632)

Auctions

  1. Late model fertilizer factory (w/equipment) - (25579)
  2. Surplus of major commercial printer - (25576)
  3. Commercial property - 13.58 acres - (25593)
  4. Brewing facility - (25578)
  5. Battery factory - (25577)

Other Interesting Sales

  1. Oil & gas leases - 2,640.00 net mineral acres - (25601)
  2. Operated working interest in 129 wells - (25604)
  3. Operated working interest in 15 wells - (25605)
  4. Farmland - 293.96 acres - (25606)
  5. Rare bike collection - (25580)

Bulk Sales

  1. Automotive repair business - (25584)
  2. Retail shipping franchisor - (25585)
  3. Branded pizza franchise - (25588)
  4. Plant nursery business - (25586)
  5. Swimming pool supplier - (25587)

Receiverships

  1. Manufacturer of paintball-related products - (25616)
  2. Business credit products & services - (25618)
  3. Chain of pain management clinics - (25615)
  4. Scrap metal recycling business - (25617)

Mass/Significant Layoffs

  1. Gun/small arms manufacturer - (25620)
  2. Aerospace products company - (25623)
  3. Chain of department stores - (25622)
  4. Airline services company - (25619)
  5. Beverage producer - (25621)

Plant/Facility Closings

  1. Manufacturer of aircraft engines & avionics - (25628)
  2. Manufacturer of wire & cable products - (25626)
  3. Over the counter medicine producer - (25627)
  4. Lumber & hardware retailer - (25624)
  5. Variety store chain - (25625)
View All Deals on DailyDac.com
 
DailyDAC, LLC
1954 First Street, Suite 178
Highland Park, IL 60035
847-463-9530
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