The Company

Alamo Local Market Division was an off-airport local car rental company located in Solon, Ohio. Parent company determined to liquidate this division.

Liquidation Success

1. Designed and executed a termination of operations and an effective orderly liquidation of 540 locations in 30 states
2. $280 million in revenue, $500 million in assets
3. 2,300 employees
4. Liquidation process was completed under budget and on time

The Company

First Merchants Acceptance Corporation was a sub-prime automotive finance company with a start-up sub-prime mortgage business.

Restructuring Success

1. Arranged sale of $750 million of securitized sub-prime auto installment loans
2. Terminated remote operating divisions, European operations and a sub-prime mortgage company
3. Secured creditors: .92 of every dollar
4. Bond Holders and Unsecured Creditors: in excess of .70 recovery of every dollar.

The Company

Worldwide Xceed Group, Inc. is a public eBusiness service provider.

Restructuring Success

1. Successful reduction of public company by 80%
2. Executed Section 363 sale with the assumption of all significant contracts and the transfer of all remaining staff to the buyer
3. Structure of the sale provided full recovery for secured creditor

The Company

Viasource Communications, Inc. is a $150 million public nationwide enabler of broadband technologies to residential and commercial consumers.

Restructuring Success

1. Negotiated DIP financing prior to Chapter 11 filing
2. Prepared 13 week cash flow and first day orders
3. Resolved operational issues as a result of the filing
4. Prepared all communications to all parties pre and post filing
5. Successful sale of company within 6 months of bankruptcy
6. Full recovery to primary secured lender