The IP assets of Civetta Therapeutics, LLC will be sold in an ABC sale. Civetta Therapeutics is a pioneering bio-tech research firm that exploits the therapeutic potential of β-propeller proteins. Civetta ceased business operations and entered into an Assignment for the Benefit of Creditors on December 22, 2023. The available intellectual property portfolio encompasses research by Civetta in a niche area of biotechnology, offering a unique opportunity for entities interested in this field to acquire a comprehensive portfolio of intellectual property with vast therapeutic and commercial potential. Bids must be submitted no later than April 30th at 5:00 pm CT. For more information, read the full public notice here on DailyDAC.

The IP assets of OCHO Candy, Inc will be sold in an ABC sale. OCHO Candy is an organic fair-trade chocolate confection manufacturer. The company ceased business operations and entered an Assignment for the Benefit of Creditors on February 8, 2024. Interested parties must submit a qualified bid no later than April 19th at 5:00 pm CT. For more information, read the full public notice here on DailyDAC.

The Commercial Receivers Association prepares to kick off its second annual conference at Eau Palm Beach Resort & Spa in Manalapan, FL from August 18-21, 2024. The conference anticipates 200+ receivership professionals from across the United States focused on the three key tenets of the Association: education, networking, and practical resources. More information about the conference is available here.

What benefits creditors more? When considering federal court receivership vs. bankruptcy, bankruptcy is often more predictable but costly. Read this 90-second lesson: Are Secured Creditors Better Off With a Federal Court Receivership or Bankruptcy?