Search Results for: "Creditor"
Lender-on-lender violence has been noted more in recent news, and have been increasingly used in out-of-court restructurings in recent years including during the COVID-19 pandemic.
A distressed business has a multitude of options to explore. Understand how Bankruptcy Code Section 363 works during a business bankruptcy.
Understand the ways in which distressed real estate is different from when an operating business in distress.
Notice of Public Auction Certain Assets of Hylete Inc. a Delaware Corporation The assets to be sold consist of certain intangible assets used in the business of Hylete, Inc. a Delaware Corporation, including patents, trademarks, domain name, website, customer list, and other intangibles. By Order of Secured Creditor UCC 9-610 Foreclosure Auction Location: Online via zoom Date: August 10, 2023 • Time: 11:00 AM PDT Call or email request for more information: Brian Testo, Brian Testo Associates, LLC (818) 592-6592 x101 or [email protected] www.btesto.com
The statutes that dictate how to start and manage a receivership may differ depending on the state. One thing is for sure: Washington state a’int Minnesota.
Careless mistakes in UCC-3 terminations and continuations can lead to costly litigation with secured parties. Learn best practices for filing and recording.
CRA is happy to announce that Jonathan E. Groth has been named Director of the Sunshine State.
NOTICE OF SALE PLEASE TAKE NOTICE that on July 28, 2023 at 9:30 am ET, Stephen B. Ravin, Esq., Assignee for the Benefit of Creditors of Brooklyn Born Chocolate LLC (http://www.brooklynbornchocolate.com ) and Theobroma Chocolates LLC, (“Assignors”) shall move before the Superior Court of New Jersey, Union County, Chancery Division, Probate Part, (the “Court”) for approval of the stalking horse offer of BBC USA LLC., (“Stalking Horse Offer”) OR ANY HIGHER OR BETTER OFFER (the “Sale Hearing”). The Stalking Horse has entered into an Asset Purchase Agreement (“APA”) with the Assignors on or about April 21, 2023. PLEASE TAKE FURTHER NOTICE THAT the Stalking Horse is represented by Chad B. Friedman, Esq. and the Assignors are represented by Dipesh Patel, Esq. PLEASE TAKE FURTHER NOTICE THAT the Stalking Horse Offer is for the purchase of substantially all of the Assignors’ assets, free and clear of liens and claims. Said assets […]
Ordinary asset purchase? Article 9 sale? Bankruptcy acquisition? When buying a distressed business, the type of purchase should be top of mind.
AUCTION OF ASSETS OF DEAL GENIUS, LLC Bid Deadline: July 10, 2023, at 5:00 pm Central Daylight Time Deal Genius, LLC (”Deal Genius”), a retailer of consumer goods and other products, has entered an Assignment for the Benefit of Creditors with Moglia Advisors (the “Assignee”). The Assignee is operating the business, primarily on-line and through two leased locations, and will sell the assets (the “Assets”) at public auction in a single lot consisting of, but not limited to, clothes, housewares, tools, lawn and garden goods, toys, trade secrets, trademarks, domains, and copyrightable information. Simultaneously and jointly with the Assignee’s sale of the Assets, the senior secured creditor of Deal Genius will sell its collateral to enable the purchaser of the Assets to acquire them free and clear of liens discharged by such sale under Article 9 of the Uniform Commercial Code. Process Overview The Assignee will provide a form asset […]