Case Study

Interim Management

Failed $250 million petrochemical refinery.

Millions in cost over-runs.

Failed Chapter 11 and case converted to Chapter 7.

Hired by Chapter 7 Trustee to lead the wind-down of the business affairs of this publicly traded, master limited partnership.

Provided the Chapter 7 Trustee with business advice and had responsibility for over $4 million in cash.

Took control of, managed and recovered diverse assets of the estate, including supervising the debtor’s remaining employees.

Named Interim President of debtor’s non-bankrupt subsidiary.

Successfully marketed and sold assets, including the operating subsidiary for $16 million.

After significant litigation and recoveries, unsecured creditors received full payment on account of their claims.