This shoe retailer with a strong online presence previously had $100 million in revenue and operated 70 retail store locations, supported by a 50,000 sq. ft. distribution center and corporate offices in Southern California. As a result of the pandemic, it has repositioned itself primarily as an online-focused footwear retailer. The deadline to submit qualified overbids is 5:00 pm PT on July 22nd. The name of the company will be provided upon execution of an NDA. More information at DailyDAC.

Do you buy or invest in distressed companies or their assets? Do you buy overstock, excess, or obsolete inventory? Are you an M&E dealer, industrial auctioneer, or broker looking for your next deal? Are you an attorney or other professional advisor who represents or works for distressed companies or their creditors? If you do, then you need to know about DailyDAC’s Distressed Deal Data™. No comparable resource exists.

The Devil’s Dictionary of Bankruptcy Terms explains that the term “after Notice and a Hearing” in the Bankruptcy Code refers to “the right to receive notice of a contemplated action in bankruptcy and the opportunity to be heard” and then elaborates on what it means in practice. Learn more.

If you are a secured creditor, debtor in possession, receiver, assignee, or professional advisor to such a party, and you need to provide commercially reasonable notice to potential buyers, then DailyDAC may be a critically important tool in your toolbox. Read why newspaper notices or no longer sufficient or learn more about DailyDAC’s public notice service. And remember, public notices can be run on an anonymous basis.

Rappers Big WiWi and Old Dude recently used subchapter V of Chapter 11 to wipe out $15 million of contingent liabilities that were alleged to be owed as a result of a contractual dispute with their former manager, Jackson “Cheapo” Benny. As a tribute to the law that helped them, they cut their newest single, Sub V Rant.