123Loan, LLC

Mortgage Origination Assignee liquidated mortgages and other assets, worked with state regulators to affirm rates assessed by debtor, and arranged for borrower refunds where necessary. Assignee managed delisting of debtor company by regulatory agencies in over 40 states.

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Veoh Networks, Inc.

Internet Video Streaming Assignee conducted a competitive marketing campaign which resulted in a multimillion dollar sale of Intellectual Property and certain physical assets. In addition, Assignee successfully defended the assignment estate against a $4 Billion litigation claim, which, when combined with proceeds from a successful sale, resulted in a significant distribution to Unsecured creditors.

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Long Beach Automotive

Automotive Parts Distributor (Retail/ Wholesale) Company had 18 locations and distribution centers located throughout California. Assignee operated company over a 90-day period in order to preserve asset value and effectively transition company’s assets, along with 300+ employees, to a buyer. Assignee also managed recovery of an $8 Million A/R portfolio. Secured creditor was paid-in-full on […]

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Blue Hill Data Services, Inc.

Information Technology and Systems and Network Management The assignor was a New York corporation which made a general assignment under California law. The assignor was in the business of providing information technology outsourcing and offering systems and network management along with customized support plans. This assignment involved a national marketing campaign to locate a buyer […]

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Cardinal Restaurant Supply, Inc.

Major supplier of food products to restaurant chains in Southern California The assignor operated a state-of-the-art food distribution and warehouse center for the restaurant industry located in Southern California. The assignment involved the liquidation of a 100,000-square-foot warehouse containing perishable (produce, meat and dairy products) and non-perishable (canned and dry goods) food items. The assignee […]

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Genisoy Food Company, Inc.

Manufacturing and Marketing of Snack Food Products The assignment involved the going concern sale of the assignor’s business of manufacturing and marketing snack food products consisting primarily of nuts, snack mixes and chocolate items. It also involved the oversight of a marketing process to locate potential buyers for the business. Those efforts culminated in competitive […]

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Mellace Family Brands, Inc.

Manufacturing and Marketing of Snack Food Products This assignment was substantially similar to the Genisoy Food Company, Inc. matter but involved smaller dollar amounts. This matter also culminated in a successful going concern sale which paid a number of claims, including payment in full of the assignor’s primary secured creditors.

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Lansco Die Casting, Inc.

Precision Die Casting of Metal Parts and Metal Finishing This assignment involved the going concern sale of the assignor’s precision die casting and metal finishing business. The assignor manufactured aluminum parts which in turn were used by its customers in their own respective manufacturing businesses. As a result customers were dependent on the assignor/debtor in […]

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Tissurama Industries, Inc.

Textile Dying, Printing, Knitting and Finishing The assignment involved the liquidation of the debtor’s business of dying, printing, knitting and finishing of textiles. The debtor operated out of a large manufacturing facility located in the City of Vernon, CA. The assignee liquidated significant textile inventory (raw materials (grey goods and chemicals), work in process and […]

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