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ARTICLE 9 FORECLOSURE SERVICES

You may be a trustee for a debt instrument that is not performing. Or perhaps you have a situation that requires an independent party to run a cost effective and commercially reasonable independent sale process, so that you can fulfill your fiduciary and legal duties and/or exercise your remedies under the terms of your agreement. Streambank is your solution. 

Who We Are

Hilco Streambank is a team of professionals who have been conducting intangible asset sales in bankruptcy and foreclosures for decades. We run efficient and commercially reasonable sale processes for secured lenders looking either to foreclose on or to liquidate their collateral. We have broad experience across a number of asset classes including financial investments, patent portfolios, real estate projects, and operating companies in a variety of industries.

Hilco Streambank Article 9 Services

Whether lenders seek to conduct a commercially reasonable process before taking back their collateral, whether they want to run a value-maximizing process with the goal of liquidating their position, or whether they seek to use a sale process to determine which path to take, Streambank can assist. A Streambank-run process allows a foreclosing lender to feel confident in the commercially reasonable nature of a sale process, and allows lender ’s counsel to focus on legal advice and documentation with respect to the sale. We have experience in numerous jurisdictions, including New York, Delaware, California and Michigan.

Our Article 9 Foreclosure Services

Hilco Streambank’s Article 9 foreclosure services help lenders conduct a commercially-reasonable processes before taking back their collateral, whether they run a value-maximizing processes to liquidate their position, or use sale processes to determine the best path to take.  Our process allows a foreclosing lender to feel confident in the commercially-reasonable nature of a sale process and allows their counsel to focus on the legal details and documentation of the sale. 

What We Do:

  • Manage the publication of formal notice requirements 
  • Develop target outreach list and lead outreach
  • Manage access to data room and diligence services
  • Build asset specific bidding guidelines 
  • Manage the bidding process and sale 
  • Declaration of commercially reasonable sale

We have experience in numerous jurisdictions including New York, Delaware, California and Michigan.

20+ Years Experience Selling in Bankruptcy & Foreclosure

Our team of professionals has conducted intangible asset sales in bankruptcy and foreclosures for decades. We run successful sale processes for secured lenders looking to foreclose on or liquidate collateral. 

We have broad experience with managing sale processes for a variety of asset classes including financial investments, patent portfolios, real estate projects, and operating companies across dozens of industries.

 

COMPLETED SALES  

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How Our Experts Run Commercially-Reasonable Processes and Maximize Value 

  • Work directly with counsel to develop notice materials, including notice of sale and publication notice, and with newspapers and trade publications to publish notice.
  • We bring an extensive database of contacts and a unique approach to ensuring that we connect with the best potential buyers - and parties that others may overlook. 
  • Develop reasonable procedures for bidding and conduct of the auction. Having conducted hundreds of auctions, we make recommendations with respect to structure and ensure that the lender maintains flexibility in the auction. 
  • We know what potential buyers want to see in a deal. Working with the lender, and in certain cases the borrower, we ensure buyers are provided the diligence materials they need prior to submitting a bid. 
  • We spend considerable time thinking about how to package assets as in lots or  
  • If called upon, we will testify regarding the process. We have testified in numerous state and federal courts in support of processes we have conducted.