Case Studies
J.S. Held Acquires Clark Seif Clark, Strengthening West Coast Capabilities for Environmental Claims, Disputes, and Catastrophe Response
Read MoreA $50MM international textile recycling company, with operations in the US and Central America, had become illiquid due to substantial increases in freight costs and a poor product mix from a new key supplier. It was out of compliance with certain loan covenants and lacked cash on hand to pay creditor obligations.
As Assignee in the Assignment for the Benefit of Creditors (“ABC”) of the private-equity backed, 50-year old company, our experts delivered a favorable outcome for the lender, recovering over $2 million, by:
Obstacles Encountered & Our Solutions
Jake Diiorio
Managing Director
Strategic Advisory Practice
+1 213 235 0609
[email protected]
Cooper Plyler, CPA
Director
Strategic Advisory Practice
+1 213 235 0610
[email protected]
> Assignment for the Benefit of Creditors (ABC)
As Assignees, our financial and operational experts leverage extensive restructuring experience to liquidate assets and quickly maximize proceeds for creditors while mitigating liability and preserving jobs. Our team serves as the distressed business’s de facto CEO and CFO, taking control of operations; managing creditors, employees, and litigation; preparing for and executing the sale of business assets; and distributing proceeds to creditors pursuant to priority.
> Solutions for Distressed Situations
We deliver integrated solutions for distressed and insolvent businesses that maximize recovery, mitigate risk, and restore enterprise value. Our experts are retained to help distressed organizations stabilize operations, protect stakeholder interests, and execute turnaround strategies. We take an operationally-focused approach that looks beyond the balance sheet to minimize further degradation and build a path to sustainable growth.