Lortz & Son Mfg. Co.

Metal Fabrication

Receiver took possession and secured a 23-acre facility and prepared site for auction of assets. Receiver’s specialists provided the added value necessary to transition debtor’s Intellectual Property to buyers, which maximized the yield on sale of associated equipment. The auction was structured to allow full payment to holders of several liens, which also contributed to a successful auction. The secured creditor who initiated the receivership was paid in full.