Search Results for: "Creditor"
NEWPOINT ADVISORS CORPORATION NOTICE OF ASSIGNEE’S SALE OF ASSETS OF DIGITAL GOLF TECHNOLOGIES, INC. D/B/A SWING KING PLEASE TAKE NOTICE that on Wednesday, June 22, 2022 @ 10:30 a.m. (CT), live via ZOOM, Matthew Brash, not individually but solely in his capacity as assignee for the benefit of creditors (the “Assignee”) of Digital Golf Technologies, Inc. d/b/a Swing King (“Swing King” or the “Company”) intends to sell at public sale all of his right, title and interest in the Company’s assets including, but not limited to, golf technology, inventory, equipment, IP, and contracts at 300+ golf courses nationwide. Swing King is an established golf technology company which operates 300+ remote hole-in-one systems across the United States. The Company installed and monitored hole-in-one contests. TERMS AND CONDITIONS OF SALE: The assets will be offered in a single lot on an AS IS, WHERE IS BASIS, WITH NO REPRESENTATION OR WARRANTIES OF […]
You just won a hard-fought trial and obtained a money judgment against a corporate defendant. But how do you go about enforcing a judgement? You may need a collection lawyer to navigate difficult judgment debtors.
Are you filing a proof of claim in a chapter 11 bankruptcy case? There are many risks and issues to be cautious of as a creditor filing a proof of claim.
NOTICE OF PUBLIC SALE OF PERSONAL PROPERTY ASSETS OF TEXAS GAMMA RAY, LLC, TULSA GAMMA RAY, INC., AND TGR OPERATING, LLC UNDER THE UNIFORM COMMERCIAL CODE PLEASE TAKE NOTICE THAT on March 28, 2022, at the hour of 10:00 a.m. Central Time, Solutions Finance, LLC, as successor secured creditor (“Secured Creditor”) of Texas Gamma Ray, LLC, Tulsa Gamma Ray, Inc., and TGR Operating LLC (collectively, the “Borrower”) will hold a public foreclosure sale via Zoom under Section 9-610 of the Uniform Commercial Code of all of the personal property collateral pledged to Secured Creditor, including, without limitation, machinery and equipment, inventory, accounts receivable, general intangibles, contract rights, intellectual property and all other personal property assets, other than any collateral specifically excluded by Secured Creditor in its discretion. The Borrower is in the business of providing non-destructive testing (NDT) and heat-treating services. The sale will be held on a “where is, […]
What are your options when handling your distressed business? Pursing an Assignment for the Benefit of Creditors is one of your options. The DailyDAC Editors offer reading recommendations to fill you in on the ABC process.
Defining the Legal Rate in a Solvent Debtor Bankruptcy Using Contract Rate and States’ Statutory Rates of Interest Chapter 11 bankruptcies generally find the debtor to be insolvent, but not always. Occasionally, a debtor will emerge from the bankruptcy process as a solvent entity, and in those situations, Bankruptcy Code §726(a)(5) may entitle creditors of the debtor’s estate to post-petition interest at the legal rate from the date of filing the petition.” In other words, the Bankruptcy Code affords creditors an opportunity to recoup the time-value for the lost use […]
A debtor may seek authority to pay claims incurred prior to the bankruptcy filing owed to “critical vendors” that supply goods and services by filing motions early in the bankruptcy case. The debtor will argue that absent granting of these motions, these vendors will cease doing business with the debtor, and therefore jeopardize its ability to successfully reorganize. This is an extraordinary measure the debtor must take to ensure its economic survival. But critical vendor treatment can be the answer to your prayers if you’re a creditor who finds itself […]
In the majority (but not all) chapter 11 cases, the U.S. trustee may appoint an official committee of unsecured creditors (“Committee”), which hires attorneys (and occasionally other professionals) to monitor and challenge the debtor’s activities. The Committee is typically composed of the largest unsecured creditors, but it has a fiduciary duty to all creditors in the case. The U.S. Trustee will solicit creditors to serve on the Committee by mailing out a questionnaire to creditors. If interested in serving on a Committee, a creditor should promptly mail back the questionnaire […]
NOTICE OF PUBLIC SALE OF PERSONAL PROPERTY ASSETS OF H3PL WAREHOUSE & DELIVERY LLC UNDER UNIFORM COMMERCIAL CODE PLEASE TAKE NOTICE THAT on March 1, 2022, at the hour of 10:00 a.m. Central Time, Guardian Capital Financing IV LLC, as successor secured creditor (“Secured Creditor”) of H3PL Warehouse & Delivery, LLC (the “Borrower”) will hold a public foreclosure sale via Zoom under Section 9-610 of the Uniform Commercial Code of all of the personal property collateral pledged to Secured Creditor, including, without limitation, machinery and equipment, general intangibles, contract rights and all other personal property assets, other than any collateral specifically excluded by Secured Creditor in its discretion. The Borrower is in the business of operating a warehouse in the City of Chicago, Illinois. The sale will be held on a “where is, as is” basis, without any representations and warranties, express or implied. There is no warranty relating to […]
Considering making a secured loan? The DailyDac Editors give key insight to becoming a secured creditor, and what to identify about distressed borrowers.