Michael Goldman & Associates, L.L.C. - Consulting & CPA Services

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Our experience in actually running the financial functions of both large 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

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·         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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Last modified: September 01, 2010