Restructuring and Turnaround: Special Dies Manufacturer

Client

Special Dies Manufacturer

Needs

  • 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.

Solution

  • 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.

Results

  • Maximized collection and liquidation proceeds while minimizing associated costs.
  • Preserved the estate and satisfied creditors.