Howard B. Samuels, the assignee, will sell the assets of International Spring Company, Inc. Bids are due by March 27th at 12:00 pm CT. For more information, read the full public notice here on DailyDAC.
Have a sale or auction that needs public notice? Learn more here.
The Commercial Receivers Association is rapidly expanding. This week the CRA is hosting launch events in Washington DC, Pennsylvania, and New York. Read for more information about these events and other upcoming launches hosted by CRA.
Subchapter V of Chapter 11 can prove to be a useful tool when a company is in distress. Read How to Save Your Business from Financial Distress: The Potency of Subchapter V of Chapter 11 for more.
Many smaller insolvent companies are able to maximize the value and sell/liquidate its assets with an assignment for the benefit of creditors, sometimes with better outcomes that a federal bankruptcy. Different rules apply depending on the state, but in Delaware, and other states as well, special rules can apply that make an ABC more or less preferable, especially in an asset sale. Read Determining Whether or Not to Seek Court Approval of a Sale in a Delaware Assignment for the Benefit of Creditors Case for more.
DailyDAC offers a variety of free and paid tools for bankruptcy professionals.
Free email notifications of recent chapter 11 filings from across the U.S.
High quality educational webinars provided by Financial Poise Webinars.
A comprehensive directory of experienced assignees who have served as an ABC.
A list of auctioneers in the "distressed and surplus" asset space.
Weekly newsletter and online database of distressed investment opportunities.
Publicize your auction or other urgent sale to a large, self-selected segment of qualified bidders and their advisors.
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