Substantially all of the personal property assets of a hotel property located in Parker, CO will be sold by its secured creditor on September 6th, 2022. Collateral includes equipment, furniture, fixtures, inventory, accounts, accounts receivables, instruments, chattel aper, and general intangibles. For more information, read the full public notice here on DailyDAC.

Substantially all of the non-real estate assets of a leading producer of branded premium pickle and related condiment products will be sold by its secured creditor on September 27, 2022 at 10 am CT via video conference. The initial bid deadline is September 23, 2022 at 3 pm CT. For more information, read the full public notice here on DailyDAC.

Joseph J. Luzinski, of Development Specialist, Inc., acting as Assignee for the Benefit of Creditors of Aerion Corporation, Aerion Technologies Corporation, Aerion Supersonic LLC, and Aerion Intellectual Property Management Corporation (collectively, “Assignor”) intends to sell all or substantially all those companies’ assets at auction on September 16th and has established a bid deadline of September 7th to bid at the auction. For more information, read the full public notice here on DailyDAC.

There is a long journey on the road that leads to entering an Assignment for the Benefit of Creditors (ABC). When your company is in distress, there are a variety of options to consider. In Howard Korenthal’s The Road to an Assignment for the Benefit of Creditors (ABC): A Case Study review what aspects of a distressed situation need to be considered before deciding on a legal option.

As the Devil’s Dictionary of Bankruptcy Terms explains, the “new value exception” of the absolute priority rule “enables holders of equity to retain their equity interests in the debtor even though a senior non-accepting class has not been paid in full, if the equity holders contribute new capital or other form of acceptable ‘value’ to the debtor.” Read the full Devil’s Dictionary definition.