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healthy companies and troubled businesses, as well as serving as a liquidating
debtor-in-possession, give us a unique perception and set of abilities in
assisting both debtors and creditors. Our engagements / accomplishments in assisting debtors, creditors,
and their attorneys with bankruptcy and reorganization issues include:
BANKRUPTCY CASES · $100 million regional retail chain Chicago, IL Debtor in Possession · Franchisor of 27 convenience stores Chicago, IL Court-appointed Examiner · Regional department store chain Michigan Consultant for Secured Lender · $500 million distributor of telecommunications equipment Chicago, IL Consultant for the Liquidators · Regional sporting goods chain Georgia Consultant for the Liquidators · National chain of fertility clinics Chicago, IL Forensic Accountant, Valuation Expert for Secured Lender · Manufacturer Delaware Assist with Prosecution of Avoidance Actions · Manufacturer - Chicago, IL Forensic Accountant for Creditor · $32 Manufacturer Ohio Debtor in Possession · Telecommunications manufacturer Wisconsin Consultant to Junior Lender · $180 million industrial service company Chicago, IL Debtor in Possession, Consultant to Trustee · Printing company Chicago, IL Forensic Accountant for Trustee · Local retail chain Chicago, IL Forensic Accountant for Trustee · $300 million Regional telephone company Kansas City, MO Interim CFO · $570 million National distributor Wayne, NJ - Assisted Chief Restructuring Officer · $150 million Leasing company Pre-petition Consultant to the largest Secured Creditor · Distributor Kentucky - Assist with Prosecution of Avoidance Actions · $1.4 billion Manufacturer North Carolina - Assistance on the inventory appraisal · $25 Manufacturer California - Forensic Accountant for Secured Lender to investigate allegations of both pre-petition and post-petition fraud.
ASSIGNMENTS FOR THE BENEFIT OF CREDITORS · $80 million Leasing company Missouri - Forensic Accountant for Trustee · $240 million Leasing company Illinois - Forensic Accountant for Trustee · 26-store National retail chain Arizona - Consultant for Assignee · Import / distribution company Illinois - Financial advisor to Debtor
NON-FILED CASES · · Served as financial advisor to the creditors committee in the debt restructuring of a $110 million distribution company. · Assisted a $17 million manufacturer / wholesaler in work-out negotiations with its secured lender. · Retained to provide management consulting to a family-owned single-store $1.7 million retailer experiencing on-going solvency problems. · Assisted the Venture Capitalists with cash flow forecasts for a $140 million packaging company to assist in bankruptcy planning · Assisted the Venture Capitalists in the work-out of a $55 million consumer products manufacturer by preparing cash forecasts, inventory reduction plans, inventory rationalization, and other working capital issues. · Evaluated preference claims for the creditors committee of a $160 million debtor · Assisted management and the junior secured lenders in the work-out of a $120 million publicly traded industrial manufacturer by preparing cash forecasts and working capital simulation models, providing counsel in bank negotiations, and worked with outside auditors to avoid a going concern opinion. · Prosecuted preference claims for a $200 million debtor · Evaluated cash needs of a $65 million aerospace parts manufacturer for creditors. · Assisted with cash management for a $60 million importer of household furnishings · Evaluated preference claims for a $300 million debtor · Assisted a %52 million pharmaceutical supplier in work-out negotiations with its creditors · Assisted a $10 million nursing agency in work-out negotiations with its creditors, consolidation of cash-flow-negative operations, preparing the company for sale, and sale of the company. · Advised the secured lender in negotiations with the Private Equity owner of a $180 million construction company · Advised numerous other small, privately held companies on managing cash flow, negotiating with creditors, and turnaround strategies.
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michaelgoldman@mindspring.com with
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