Public, debtor-in-possession chain of recreation centers with over $130 million in sales.
Lenders withdrew support for corporate turnaround plan.
Needed to conduct orderly sales of properties with diminished staffing and records.
Orchestrated auctions including bidding procedures, court approvals and logistics of total liquidation of assets.
As debtor’s advisor, coordinated efforts of corporate counsel, real estate consultants, auditors and tax advisors, and closed individual transactions.
Managed liquidation of all retail inventory and all aspects of claims reconciliation.
Management of daily operations including preparation of court required financial reporting, cash management and forecasting, and accounts payable functions.