Daily DAC LLC - Distressed Asset Central

Public Notice: UCC Article 9 Sale of TrueNorth Projects, LLC Attention investors and interested parties! On December 17, 2024, at 4:00 PM ET, a public auction will be held for the sale of certain assets from TrueNorth Projects, LLC, a Delaware limited liability company. This sale, conducted by Mayaguana Island Developers, Limited, includes a 20% Membership Interest in True North Services, LLC, along with all associated rights and proceeds. Key Details: Sale Date: December 17, 2024 Location: Remote auction Deposit Required: $25,000 Terms: AS IS, WHERE IS, without any representations or warranties Interested bidders are encouraged to read the full notice here: https://lnkd.in/d_gWzMnz

Kuney’s Corner: The Secured Creditor’s Counter Strike – Section 1111(b) Election The section 1111(b)(2) election is an important creditor countermeasure in a Chapter 11 plan cram down attempt by the debtor.? This election allows a secured creditor to command a higher payout from the Chapter 11 plan and collect any anticipated rise in collateral value. https://lnkd.in/gJFW9hf

Leadership?and?Corporate?Renewal For companies in decline, it is necessary to begin a process of?corporate?renewal. The success of this effort will be dependent on competent?leadership, which is itself only possible through emotional intelligence. Together, these qualities will allow the?leader?to act effectively and efficiently. https://lnkd.in/dNwUv26X

Strategic?Filing: Chapter 11 Bankruptcy for Litigation Advantage? Debtors often use Chapter 11 bankruptcy for litigation advantages. Whether or not they succeed depends on the facts and circumstances of the individual bankruptcy case. https://lnkd.in/dNn_CuaH

Assessing Future Viability: Turnarounds and Restarts Leaders need to recognize the differences and implications of the concepts ‘turnaround’ and ‘restart.’ If they do not, an attempt at corporate renewal or recovery may fail. This article compares these concepts and provides a framework to consider when determining whether or not a restart is possible. https://lnkd.in/dzgiY9ia

Public Notice: Disposition of Collateral by BCL California LLC Attention to all interested parties! BCL California LLC is conducting a public sale of collateral related to the Sandoval Family Trust. Key Details: Date of Sale: December 12, 2024 Time: 11:30 AM CST Location: Levenfeld Pearlstein, LLC, Chicago, IL This sale includes 100% membership interests in Mark Development LLC, the owner of real property located at 1005 West Lugonia Avenue, Redlands, California. Interested in learning more? Check out the complete notice here. https://lnkd.in/dJFf3tMn

How?a?Distressed?Company Can Manage Cash and Stakeholders in?a?Liquidity Crisis Facing?a?liquidity crisis? Managing cash flow effectively is?the?key to keeping your business afloat. Learn?how?a?detailed cash-flow forecast and strategic planning can preserve solvency and guide your business through?a?financial crunch. https://lnkd.in/d-2HHdXv

Valuation: The?Pillar?of Corporate Restructuring A corporate restructuring (whether or not through Chapter 11 of the Bankruptcy Code) involves allocating limited funds among competing creditors and answering the question of what the 'fulcrum security' is with respect to a company. To do either of these things, it is necessary to?value?the company, its assets, and the various claims it holds against third parties and claims third parties hold against it. This article discusses these issues in detail and lays out the way bankruptcy courts determine?value?in various situations. https://lnkd.in/dUP_5Vzd

Incorporation?by?Reference?in UCC-1 Filings Incorporation?by?reference?allows for brevity in collateral descriptions, but the court may not always find it sufficient. When preparing and filing a UCC-1, brevity can actually be the filer’s enemy. https://lnkd.in/dN-8wQq5

Public Notice: UCC Article 9 Sale of DynEd International, Inc. We are excited to announce the upcoming auction for DynEd International, Inc.'s assets, a leading provider of English language learning software. This sale will include substantially all assets of the company, including intellectual property, trademarks, and domain names. Key Details: Auction Date: December 9, 2024, at 10:00 am CT Bid Deadline: December 2, 2024, at 3:00 am CT Minimum Bid: $1,500,000 with a $75,000 deposit required Location: Fredrikson & Byron, Minneapolis, MN (bidding also available via video conference) This is a unique opportunity for qualified bidders to acquire valuable assets from a well-known brand in the education technology space. For more details on how to participate and to access bid procedures, please check out the full notice. https://lnkd.in/divded7H