NF Solutions, LLC as warehouseman (“Warehouseman”) intends to conduct a public auction pursuant to Uniform Commercial Code §§7-206(a), 7-209(a), and 7-210 on January 6th; potential bidders must register to participate at the auction by 5 pm CT on January 4th. For more information, read the full public notice here on DailyDAC.
Bankruptcy Code § 365 is detailed and lengthy, with many subsections that provide the conditions for assumption and specialized treatment of many types of contracts or leases a debtor may be part of. Read Dealing with Corporate Distress 16: Overview of Bankruptcy Code § 365 for the whole story.
As the Devil’s Dictionary of Bankruptcy Terms explains, a “floating lien” is “created under a security instrument that can arise on property from time to time when property comes into existence or is acquired by the borrower.” Read the full Devil’s Dictionary definition.
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