https://www.bluewaterpartners.com/wp-content/uploads/bwp-logo-300x55_v2.png 0 0 BlueWater Partners https://www.bluewaterpartners.com/wp-content/uploads/bwp-logo-300x55_v2.png BlueWater Partners2013-01-19 08:28:462017-06-30 10:58:38Restructuring and Turnaround: Special Dies Manufacturer
Special Dies Manufacturer
- Initially asked to help a secured lender evaluate an offer to buy the assets of a financially distressed customer, our client ultimately engaged us to serve as receiver.
- Managed the winding up of the client company with the goal of maximizing shareholder value.
- Collected accounts receivable, prepaid expenses, and deposits and liquidated work-in-process and fixed assets.
- Communicated with creditors and employees throughout the process.
- Presented the dispersal plan to the court.
- Maximized collection and liquidation proceeds while minimizing associated costs.
- Preserved the estate and satisfied creditors.