Bankruptcy Intelligence · Private Beta

Find the signal in bankruptcy dockets.

LilySignal monitors undercovered Chapter 11 cases, detects material changes, and delivers source-cited alerts when filings create asset-sale, claims-trading, or restructuring opportunities.

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The Gap

Dockets are noisy. Opportunities are buried.

RAW DOCKET FEED · 1,247 ENTRIES THIS WEEK
126710/14/26CERTIFICATE OF SERVICE RE: NOTICE OF AGENDA
126610/14/26AFFIDAVIT OF DISINTERESTEDNESS OF JOHN R. KELLEY
126510/14/26NOTICE OF FILING OF EXHIBIT A TO MOTION
126410/13/26DEBTORS' MOTION FOR ENTRY OF ORDER (I) APPROVING BID
126310/13/26MONTHLY OPERATING REPORT FOR SEPTEMBER 2026
126210/13/26CERTIFICATE OF NO OBJECTION REGARDING ORDER
126110/12/26NOTICE OF HEARING ON MOTION OF DEBTORS
126010/12/26DECLARATION OF M. ROSS IN SUPPORT OF FIRST DAY
125910/12/26STATEMENT OF FINANCIAL AFFAIRS
125810/11/26SUPPLEMENTAL DECLARATION OF E. CHAMBERS
125710/11/26ORDER GRANTING APPLICATION FOR EMPLOYMENT
High Priority SIG-1264-A

Potential Inventory Sale Opportunity

In re Meridian Crafts Holdings, LLC
Bankr. D. Del. · Case No. 25-11247
Debtors filed a motion to approve a §363 sale of finished-goods inventory across 14 closing locations. Bid deadline: November 12. Stalking horse not yet identified.

Existing tools alert on what was filed. They don't tell you what changed, whether the change is material, or why it matters to your strategy. By the time a junior analyst surfaces it, the auction is set and the spread is gone.

Pipeline

From filing to signal in minutes.

01
Monitor filings
Continuous polling of PACER and court ECF feeds across federal bankruptcy districts.
02
Parse documents
Every PDF is OCR'd, chunked, and indexed with page-level provenance.
03
Extract facts
Structured data points — debtors, claims, motions, deadlines — pulled from each filing.
04
Track case state
A live model of what is currently true in each case, not just what was last filed.
05
Detect changes
Delta engine compares state across snapshots and scores material changes.
06
Send source-cited alerts
Every alert links back to the originating filing, page number, and exact quote.
Why LilySignal

Built for investors, not researchers.

Case-state engine

Tracks what is currently true in the case, not just what was filed.

Delta detection

Alerts only fire when something material changes — no noise from routine filings.

Legal posture tracking

Distinguishes motions from orders, proposed terms from approved ones.

Asset opportunity scoring

Flags sale, claims, DIP, inventory, and IP opportunities with materiality scores.

Source-cited alerts

Every alert links to the originating filing, with page number and quoted excerpt.

Middle-market focus

Covers the cases too small for premium analyst desks — where spreads still exist.

Product

What a LilySignal alert looks like.

Source-cited, posture-aware, and dense with the data investors actually need.

High Priority SIG-1264-A · 14 OCT 2026 · 06:42 ET

Potential Inventory Sale Opportunity

Case
In re Meridian Crafts Holdings, LLC
Court
Bankr. D. Del. · 25-11247 (KBO)
Materiality Score
82 / High
Legal Posture
Proposed — no sale order entered
What Changed

Debtors filed a motion under §363(b) to approve sale procedures and a stalking-horse process for finished-goods inventory across 14 closing retail locations. The motion sets a bid deadline of November 12, 2026, and a proposed auction date of November 19. No stalking-horse bidder has been named.

Why It Matters

Inventory is roughly $42M at retail value per the most recent monthly operating report. The unidentified stalking horse and compressed timeline suggest the debtors are testing the market — historically, similar processes have cleared at 28–35¢ on retail dollar. Liquidation buyers and specialty retailers tracking craft-segment inventory should diligence quickly.

Caveat

Inventory valuation is debtor-reported and unverified. No third-party appraisal has been filed on the docket. Bid procedures may be amended at the hearing scheduled for October 28.

Source
DOC #1264 · PDF p. 12 · ¶ 34

"The Debtors propose to conduct an auction for the Inventory Assets, with bids due no later than November 12, 2026, at 4:00 p.m. (ET), and a public auction to be held on November 19, 2026, at the offices of Debtors' counsel."

Who It's For

For professionals who act on bankruptcy filings.

LilySignal replaces the junior analyst reading dockets overnight.

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