Case Study

Total Homecare

Macco-fire-02.png

The Fire

  • Failed durable medical goods provider with locations in Las Vegas, Nevada and Arizona.

  • Filed Chapter 11 in Las Vegas.

  • Business model untenable due to accounting and reimbursement issues.

Macco-water2-02.png

The Rescue

  • Stabilized the debtor’s operations and re-established credibility with the lender by implementing accurate and timely financial reporting.

  • At lender’s request, named the debtors’ sole Agent to explore the sale of the enterprise.

  • Gained consent for the continued use of cash collateral.

  • Addressed and resolved significant client and vendor concerns.

Macco-rocket-02.png

The Result

The Nevada Bankruptcy Court approved a successful sale of the debtor.