Substantially all of the business assets of Custom Alloy Corporation and related companies will be sold at an auction held on September 22nd at 12:00 pm CT. 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 party on September 27, 2022 at 10:00 am CT via video conference. The initial bid deadline is September 23rd at 3:00 pm CT. For more information, read the full public notice here on DailyDAC.

You need to know some law to really understand how to profit from corporate distress. One critical element of that is the Bankruptcy Code. Perhaps even more important, however, is Article 9 of the Uniform Commercial Code. Installment #12 of the series, Dealing with Corporate Distress, gives you an overview of the UCC, with an emphasis on Article 9. Aptly titled, Meet Our Little Friend, The UCC, it is a must-read for anyone interested in business bankruptcy, distressed investing, or dealing with corporate distress.

As the Devil’s Dictionary of Bankruptcy Terms explains, a “transfer” refers to “a transfer of the debtor’s property, or an interest in the debtor’s property to another party.” Read the full Devil’s Dictionary definition.