Artisanal Bakery Hard Assets Sold at Auction Free and Clear of All UCC Liens

On July 19, 2022, Julie Curley closed on the sale of the assets of a bakery that manufacturers and sells artisanal macaroons, which was overleveraged by unsecured MCA loans that crippled its cashflow and rendered it unable to operate. The bankruptcy auction of the assets resulted in a competitive bidding environment which yielded a high bid in excess of $20,000 of the asset’s value.

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