Public, debtor-in-possession chain of recreation centers with over $130 million in sales.
Challenges Faced:
Lenders withdrew support for corporate turnaround plan.
Needed to conduct orderly sales of properties with diminished staffing and records.
Solutions Delivered:
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.
Jewelry Retail ChainIdentified areas of concern, including material misrepresentations of financial position and borrowing availability, while performing operational and financial due diligence for potential investor.
Solar Energy IndustryAssisted publicly held developer and manufacturer of solar cell materials create viable business plan, restructure existing debt and raise new equity outside of standard public entity approval channels.
Supermarket ChainSuccessful realignment of corporate infrastructure and liquidation of non-key assets and inventory for multi-billion dollar supermarket chain.
Fuel DistributorCoordinated all aspects of Chapter 11 filing and emergence for public partnership retail fuel distributor.
Metal GoodsCreation of a ‘prepackaged’ Chapter 11 Plan and development of a ‘rationalized’ operating business plan for presentation to lenders.
Furniture RetailerLed Chapter 11 filing and oversight of financial and operational activities for then eighth largest national furniture retailer.
Entertainment FacilitiesManagement of orderly Chapter 11 wind down, including liquidation of assets and oversight of daily operations for public chain of recreation centers.