Daily DAC LLC - Distressed Asset Central

?UCC Foreclosure Auction - Purpose Company, LLC Please take note that on April 11, 2025, at 10:00 a.m., Dallas, Texas time, a public sale shall be conducted of the personal property of Purpose Company, LLC the producer of Purpose Purple Tea and other products. The collateral to be sold at the public auction is comprised of all of debtor’s assets including: ?? its accounts receivables ??contract rights ?? equipment ?? inventory ??intellectual property rights ??and all real, personal and intangible property For inquiries and bidder registration, view the complete notice here: https://lnkd.in/gVzDz4tc

When your commercial tenant files for Chapter 11 bankruptcy, as a landlord, you might face a complex maze of legalities. ???? Knowing your rights and understanding the nuances of Bankruptcy Code § 365 can protect your interests. ???? From the obligation to maintain lease terms during the post-petition period to the tricky debate over 'stub rent,' here's your essential guide. Prepare yourself to either embrace a lease assumption or face a rejection, each with its strategic implications. ???? Ensure compliance and safeguard your assets with informed choices. #CommercialRealEstate #LandlordProtection #BankruptcyAwareness #LeaseManagement #Chapter11

Selling?Distressed?Assets: The Assignment for the Benefit of Creditors Alternative A state-law alternative to federal bankruptcy liquidation known as an assignment for the benefit of creditors can facilitate a business liquidation without many of the time-consuming delays, complications, or added costs associated with the federal bankruptcy process. https://lnkd.in/dnsp_pm8

Respecting the Lines of Receiverships The statutes that dictate how to start and manage a receivership may differ depending on the state. It is critical?to understand the key differences between jurisdictions – including the rules of the state where the receivership?is requested. It is not a small distinction. https://lnkd.in/g6cJxBmb

Common?Mistakes?in?Drafting?Collateral?Descriptions This article discusses errors in describing?collateral?commonly found in security agreements and financing statements that can undermine the validity or priority of a secured party’s security interest in?collateral. https://lnkd.in/dbijbqeu

Capstone Consulting, LLC invites you to participate in an exclusive opportunity to bid on 48 single-family residential (SFR) detached lots at the picturesque Mountainside Estates. Positioned at a premium location with stunning mountain and valley views, each lot is nestled near Utah State University and countless amenities including parks, trails, shops, and schools. Submit your bid by March 20, 2025, to become a Qualified Bidder. For details on participation and requirements, visit https://lnkd.in/ef3CAXRz. Don't miss out on this chance to own a part of the mountain paradise! ???? #BankruptcySale #RealEstate #InvestmentOpportunity #LoganUT #DailyDAC #Chapter11

PUBLIC NOTICE: SALE OF ASSETS – T2 BIOSYSTEMS, INC. Rock Creek Advisors is facilitating the sale of T2 Biosystems, Inc.'s assets. Final term sheets are due by Monday, April 7, 2025, at 5:00 PM ET. About T2 Biosystems T2 Biosystems is a leader in rapid sepsis diagnostics, offering the only FDA-cleared diagnostic tests capable of detecting sepsis-causing bacterial and fungal pathogens directly from whole blood in 3-5 hours—without requiring blood culture. The company's proprietary T2 Magnetic Resonance (T2MR?) detection technology has revolutionized in vitro diagnostics, enabling faster, more effective clinical decision-making. Key Investment Highlights Market Differentiation: Proprietary technology provides direct pathogen detection from whole blood, significantly reducing time-to-result and improving patient outcomes. Proven & Scalable Technology: The T2Dx? Instrument, a fully automated benchtop system, supports multiple FDA-cleared panels including T2Bacteria?, T2Candida?, and T2Biothreat?. Strong Market Adoption: Trusted by leading hospital systems worldwide, driving $8.3 million in sepsis test sales in 2024—a 23% YoY increase. Expanding Product Pipeline: Near-term innovations include the T2Resistance Panel (for multidrug-resistant infections), T2Lyme? Panel (early Lyme disease detection), and an enhanced T2Candida Panel with Candida auris detection. Robust Patent Portfolio: Over 40 issued U.S. patents and multiple FDA Breakthrough Device designations support future innovation. High-Profile Client Base: Widely adopted by prestigious hospital systems, reinforcing clinical and market relevance. Financial & Strategic Value: The Company’s assets include $273.7M in federal NOLs and $245.4M in Massachusetts state NOLs, along with R&D tax credits to offset future taxable income. Opportunity This sale presents a unique opportunity to acquire industry-leading diagnostic technology, an established customer base, and a strong pipeline of future innovations. Rock Creek Advisors welcomes all forms of consideration. Access to the confidential electronic data room requires an executed Confidentiality Agreement. For more details and contact information, check out the full notice here: https://lnkd.in/dZ5PB5_Y

#MuchAttorney Jonathan Friedland served as principal author and editor-in-chief of the 2025 edition of Strategic Alternatives for and Against Distressed Businesses, a treatise published by Thomson Reuters. Updated annually, the publication examines how companies become distressed and how to turn them around. It also provides comprehensive state-by-state comparisons of assignments for the benefit of creditors and receiverships: https://bit.ly/41cBbqx

?? Notice of Proposed Sale – Windward Design Group, Inc. ?? Windward Design Group, Inc., a 30-year-old family-owned manufacturer of high-quality outdoor furniture, is seeking Bankruptcy Court approval for the sale of substantially all of its assets. ?? Stalking Horse Bid: $1,100,000 by Superior Plastic Products, Inc. ?? Bid Increments: Minimum $25,000 over the Stalking Horse Bid ?? Auction Date: March 25, 2025, at 10:00 AM EST ?? Bid Deadline: March 21, 2025, ?? Sale Hearing: March 27, 2025, at 2:30 PM EST ?? Location: Berger Singerman LLP, Tampa, Florida This sale presents an acquisition opportunity for those in the outdoor furniture and retail supply industry. Interested parties must submit a qualified competing bid before the deadline. For further details or to request documents, read the full notice linked below. https://lnkd.in/dkrxWEqc #MergersAndAcquisitions #BankruptcySale #InvestmentOpportunity #OutdoorFurniture #BusinessForSale

?? Auction Sale of Intellectual Property – smarTours? ?? Investors can now acquire the intellectual property assets of smarTours, LLC, a well-known provider of direct-to-consumer, value-oriented travel experiences. Following financial difficulties, the Assignee is now seeking a buyer for smarTours’ key assets, including: ?? The smarTours? registered trademark ?? Social media accounts ?? A vast customer and contact list Key Details: ?? Bid Deadline: March 14, 2025, by 5:00 PM (Central Time) ?? Sale Terms: Assets sold on an "as-is, where-is" basis ?? Bid Requirements: Interested parties should read the notice linked below for details on bidding and contact information. Don’t miss this chance to acquire a strong brand with a rich history in travel. If you or someone in your network is interested, act fast! https://lnkd.in/dMPQH-UF #AuctionSale #IPSale #BusinessOpportunities #TravelIndustry #MergersAndAcquisitions