Substantially all of the assets of Slync will be sold in a Delaware assignment for the benefit of creditors (“ABC”) sale. Qualified bids must be submitted by 5:00 pm PT on November 20th. The predecessor at Slync was a logistics software development company that created efficiencies in historically manual processes, primarily focusing on freight schedule management. Professionals involved: Matthew Sorerson and Steven Victor of Development Specialists, Inc. and Richard Beck and Alyssa Radovanovich of Klehr Harrison Harvey Branzburg LLP.

Substantially all of the assets of Armor Health Management, LLC will be sold in a Florida assignment for the benefit of creditors (“ABC”) sale. Armor is engaged in the business of providing correctional health management and related services to patients in correctional or related facilities. Bids must be submitted by 5:00 pm ET on December 1st. Professionals involved: Daniel J. Stermer of Development Specialists, Inc. and Paul J. Battista and Alison Day of Venable.

Runway Growth Finance Corp. will sell substantially all of the assets Pivot3, Inc. (“Pivot3”), Pivot3 Holdings, Inc. (“Holdings”), Nexgen Storage, Inc.(“Nexgen”), PV3 (an Abc), LLC (the assignee pursuant to assignment for the benefit of creditors) (“Assignee”) in an Article 9 UCC Sale on December 15 th and any inquiries regarding the sale must be received by December 14 th at 12:00 pm PT.

What Secured Lenders Should Know If Their Borrower Files for Bankruptcy

When your borrower files bankruptcy, choosing to cooperate can lead to a more successful restructuring or sale. Here’s how to protect yourself if you do.

3 Issues for Vendors to Consider When Their Customer Files For Bankruptcy

If a customer files bankruptcy, vendors (trade creditors) should consider administrative priority, critical vendor status, and avoidance actions.

Who Gets Paid First (and Second, Third, etc.) in Bankruptcy

Who makes the top of the list in the order of priority? See where you fall based on the absolute priority rule.

An Article 9 foreclosure sale will be held for the assets of ONWRD, LLC on October 5th 2023 at 1:00 pm ET via Zoom,

The Order of Claims in Bankruptcy: Absolute Priority Rule, Structured Dismissals, and More

The absolute priority rule dictates which unsecured creditors receive priority for their claims. But is it always absolute?

90 Second Lesson: Selling Collateral in a 363 Sale vs. Article 9 Sale

Why would a secured creditor prefer to sell its collateral outside of bankruptcy? Here’s how time, money, and control differ in a 363 sale vs Article 9 sale.

The business assets of the borrowers will be sold in a UCC sale that will take place on September 6th, 2023.