Case Study
Fiduciary Services
Receiverships / Assignments for the Benefit of Creditors
Operated financially distressed businesses while leading efforts to identify potential buyers and conduct sales processes.
$70 million hardware distributor​
Sold inventory and fixed assets to industry competitor at 100% of book value.
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Collected 97% of $5 million accounts receivable.
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Repaid secured lender 100% of $13 million loan within 75 days.
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Distributed 44% on $26 million of unsecured creditor claims.
$50 million magnesium die-casting automotive supplier​
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Collaborated with all automotive customers to provide sufficient shipments while they found new suppliers.
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Sold all fixed assets at auction for 12% higher than stalking horse bid.
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Repaid secured lender 100% of $14 million loan.
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Distributed 62% on $5 million of unsecured creditor claims.
$4 million bulk tank trailer manufacturer​
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Sold business as going concern to private financial buyer for value equal to 42% of revenue, exceeding the stalking horse bid by 8%.
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Worked with secured lender and IRS to provide information related to borrowing base certificate fraud.
Start-up medical equipment manufacturer​
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Sold intellectual property (patents and patents pending) for $5 million to industry competitor.
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No secured lender
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Distributed 6% on $70 million of unsecured creditor claims.
$3 million international meat exporter and broker​
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​Liquidated all assets and distributed to secured lender.
$5 million provider of educational services​
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Sold all tangible and intangible assets through auction to company founder.
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Distributed all proceeds to secured lender.