Hilco Real Estate will sell by UCC sale 100% membership interest in 7 Campus NJ, LLC. The Borrower is the owner of a 3-story office located at 7 Campus Drive, Parsippany-Troy Hills Township, Morris County, New Jersey, as well as related real and personal property interests. The sale will be held virtually on August 8th at 11am ET. For more information, read the full public notice here on DailyDAC

Ravinia Capital will sell the assets of medical equipment manufacturer Allied Healthcare Products in a 363 sale to be held in mid to late June. The company is being split into two assets: Project Allied, the St. Louis portion, and Project White Gold, the Stuyvesant Falls portion. For more information, read the full public notice here on DailyDAC. 

The first step towards a receivership is to initiate a lawsuit. Most commonly the lawsuit is filed for breach of contract and is seeking foreclosure or repayment of collateral, and, though less common, appointment can also be sought as an independent action. Learn more about the next steps in the receiver appointment process from CRA member Cynthia Hegarty, Counsel at Winthrop & Weinstine, in this episode of the Receivership 101 Video Series: How to Get a Receiver Appointed.

Could a borrower potentially file for chapter 11 reorganization bankruptcy in order to evade a state court order appointing a receiver in a foreclosure proceeding? Read this 90-Second Lesson: Can a Borrower File for Bankruptcy to Stop Foreclosure? for more.