The matters referenced herein describe recent claims resolved.  We maintain confidentiality with our client’s names and matters assigned.  Settlements negotiated are based solely upon the representations of our clients and their respective officers.  Final approval and confirmation of funding made prior to effectuation of settlements.  Clients and claimants are provided the same consideration for any consultation or claim resolution service.  

Read More

 


EXAMPLES

Example 1:

  • Claim - $535,000.00 secured / personally guaranteed
  • Creditor - Balance due open account, filed suit and secured judgment.  Attempting recovery including post judgment garnishment. 
  • Debtor - Final attempt to avoid corporate dissolution and personal bankruptcy. 
  • Solution - Located alternative funding source.  Settlement $175,000 payable $100,000 in 90 days, $75,000 at 3% over 10 years. 
  • Conclusion - Creditor recovered immediate and long term funds.  Debtor company viable with hope for the future. 

Example 2:

  • Claims - $7,000,000+ secured and unsecured
  • Creditors – lawsuits filed in court jurisdictions throughout USA.  Recovery questionable.  Limited guarantees. 
  • Debtor – Assets identified for sale business unit.  Multiple UCC-1 liens encumbering assets.  Final attempt to avoid corporate bankruptcy. 
  • Solution - Managed assignment of counsel for claims in litigation.  Sale / asset liquidation to fund settlements.  Creditors recovered 45% terms 22.5% in 30 days, 22.5% at closing 12/31. 
  • Conclusion - Creditors approved plan and recovered funds including unsecured.  Debtor clear and affiliate / sister company viable. 

Example 3:

  • Claim - $1,800,000+ secured
  • Creditor – Filed suit balance due for default on leased equipment.  Attempt recovery of money + replevin / detinue order to recover capital. 
  • Debtor – Mission critical equipment.  Final attempt to avoid necessity of corporate bankruptcy to stay claim and replevin.    
  • Solution – Located alternative debtor financing with creditor approval to settle for $760,000.00. 
  • Conclusion – Creditor recovered immediate funds eliminated additional loss / expense.  Debtor secured financing to pay settlement funds and retain equipment.

Example 4:

    • Claim - $16,000,000+ Lease Office Space / $55,000 / month
    • Creditor – Built to spec 5 floor office building.  Filed lawsuit unlawful detainer full value of 7 year lease.
    • Debtor – Final attempt to avoid corporate bankruptcy.  Internal staff restructuring 700+ employees reduced to 320 employees.   
    • Solution – Restructured lease from 5 to 2 floors lease modification / rewrite reducing liability to $9M over 7 years. 
    • Conclusion - Landlord retained tenant with immediate relief / recovery.  Debtor provided relief to accommodate downsizing / restructuring.