A public sale of 100% of the membership interests in Coldwater Development, LLC will be held on August 30th at 10:00 am Pacific Time, and bidders must pre-qualify to bid by August 23rd. For more information, read the full public notice here on DailyDAC.

A public sale of 100% of the membership interests of Lydda LUD, LLC will be held on August 30th at 10:00 am Pacific Time, and bidders must pre-qualify to bid by August 23rd. 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 in here on DailyDAC.

If your company is sued (or receives a demand letter threatening a lawsuit) by a debtor in bankruptcy, a bankruptcy trustee, or a liquidating trust, chances are that it already took a big hit on A/R owed to it by the debtor (its former customer). And now, probably a year or more later, your company is being asked (under the threat of litigation) to reach into its pockets and pay out more money??? There really ought to be a law (as Jimmy Hatlo famously said). Well, that's the problem: Preference law is what gives rise to this. However, preference law is not one-sided and there are a number of defenses that can be used to enable you to tell the plaintiff to pound sand. Read more in Assess 3 Potential Preference Action Defenses by Robert C. Maddox.

As the Devil’s Dictionary of Bankruptcy Terms explains, a "true lease" has “the characteristics of an operating lease, as opposed to a lease that has the characteristics of a financing.” Read the full Devil’s Dictionary definition.