Case Studies
A $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
+1 213 235 0609
[email protected]
Cooper Plyler, CPA
Associate Director,
Strategic Advisory
+1 213 235 0610
[email protected]
> Fiduciary Services – Receivers, Assignees, Trustees
We deliver unbiased, expert solutions in court-mandated and out-of-court situations that demand a third-party fiduciary, including insolvency, fraud, litigation, and shareholder disputes. Our full-service team of financial and operational experts serve as Federal and State Receiver, Bankruptcy Trustee & Examiner, and Assignee for the Benefit of Creditors (ABC), designing and implementing recovery strategies to maximize the value for all stakeholders.
> Strategic Advisory
From strategy to execution, we help clients overcome complex enterprise challenges and realize long-term, sustainable business value. The solutions we deliver are derived from a combination of technical, scientific, financial, and strategic expertise and unrivaled understanding of both tangible and intangible assets.