Designer and Manufacturer of Advanced Testing Equipment Company was a publically-traded firm. Assignee arranged for successful liquidation of company’s Intellectual Property and laboratory assets, which allowed for a significant distribution to Unsecured creditors. Assignee also coordinated the delisting of company’s stock.
Read more...Category: General Assignment
Skinmarket, Inc.
Manufacturing & Retailing Cosmetics Debtor sold its manufactured product through 34 retail stores situated at high-end malls through the U.S. Stores were branded and carried only product manufactured or supplied by the debtor. Assignee arranged for the closure of all stores and consolidated store inventory to southern California for auction where economically feasible.
Read more...Royal Truck Bodies, Inc.
Manufacturing Vehicle Bodies Debtor had manufacturing and assembly operations in Arizona and northern and southern California; Assignee staffed and operated the California facilities for approximately 3 months in order to convert “work in process” (WIP) to finished goods in order to maximize the sale value of the debtor’s assets. Assignee worked closely with truck manufacturers […]
Read more...Optiva, Inc.
High Tech Research & Manufacturing Debtor had coordinated research facilities in the U.S. and Russia, and manufacturing operations in the Bay Area. Assignee engaged the services of the debtor’s senior management to assist with an international marketing campaign to sell the debtor’s Intellectual Property. An Asian high-tech company eventually paid $5 Million for the Intellectual […]
Read more...Program Partners, Inc.
Television Production Syndication Assignee arranged for and currently oversees a television syndication operation to air several productions nationwide in order to generate revenue streams sufficient to payoff the first-place secured creditor within a two-year period.
Read more...MatchFrame Video, LLC
Post-production Film Editing Assignee coordinated the liquidation of debtor’s assets and the return or sale of leased assets from over 60 film editing bays at two Burbank locations. Prior to the auction, Assignee engaged industry professionals to ensure that all copyrighted materials were removed from editing bays before sale, and then provided confirmation of same […]
Read more...Oncotech, Inc.
Research Laboratory Assignee took possession and secured a large medical research facility in Southern California that housed hazardous, bio-waste and radioactive materials. Assignee administered shutdown and decommissioning of research lab, per federal and state regulations. An investment banker was engaged to liquidate active cell samples, while auctioneer sold laboratory equipment, tools and other assets. Assignee […]
Read more...Kramer Ink Company
Manufacturing Debtor company manufactured and sold ink and related products from several locations across the Southwest. Assignee arranged for timely consolidation of the debtor’s assets from the various state locations to the debtor’s headquarters location in order to liquidate all debtor’s assets at one auction. Secured creditor was paid in full, and a distribution to […]
Read more...DCD, Inc.
Exercise Equipment Distribution Debtor company sold its product throughout the U.S. by means of multiple distribution channels (wholesale, retail and direct marketing). Assignee coordinated the consolidation and liquidation of product in various stages of distribution. A successful liquidation along with collection of a diverse A/R portfolio led to a substantial dividend to unsecured creditors.
Read more...Avtel Services, Inc.
Debtor company was based in Mojave, CA with assets located in Maine and California and business records located in Alabama, which required visits to non-California sites by Assignee’s staff to administer. Assignee leased and eventually sold aircraft hangar in Mojave.
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