Consumer

Appointed Sua Sponte as Receiver in Delaware Chancery Court. Then served as Responsible Party through Chapter 11 that raised cash through asset sales, avoided preferences and fraudulent transfers, and settled D&O claims resulting in approximately $5mm gross proceeds.

Served as Expert Witness on Plan feasibility for VER, a creditor of BII. Our compelling testimony resulted in an agreement and stipulation for more favorable Plan treatment for our client.

Financial advisor to the official committee of unsecured creditors (F10 professionals while at prior firm)

Financial advisor to the official committee of unsecured creditors (F10 professionals while at prior firm)

Took assignment and sold the assets of this high-concept Southern California based restaurant chain in a manner in which the buyer was able to immediately restart operations. Settled litigation claims with secured creditor and others.

Out-of-court financial restructuring

Financial Advisor to the Debtor. 363 Sale to lender and strategic partner - Gunthy-Renker.

Out-of-court wind down of operations and assets

Represented Foxconn, the largest claimant and supplier, with respect to the Chapter 11 bankruptcy of Fuhu. Assisted in settling cross-claims and reduced Foxconn's potential exposure.

Principals of Force 10 served separately as financial advisor and investment banker to the Debtor, and legal counsel to bidder. Navigated intricate inter-creditor issues. Plan of reorganization was funded by the sale of media and real estate properties.

KP3 was placed in an involuntary Chapter 7. Force 10 provided the solvency opinion and expert testimony to demonstrate that the Debtor was indeed solvent. Case was dismissed.

Force 10 began its engagement approximately six months before the Chapter 11 and started analyzing the company's long-term viability. In conjunction with management and the sponsor, it was determined that the best course was to liquidate the entire store fleet for the benefit of its creditors. The successful liquidations were completed very early in the Chapter 11 case, and a plan was promptly negotiated with committee professionals.

Asset valuation in support of sale via California Assignment for the Benefit of Creditors

Financial advisor to secured creditor

Force 10 represented the general unsecured creditors in a highly contested Plan of Reorganization that resulted in a conversion to an operating Chapter 7 to remove control from the Debtor's insiders.

Force 10 provided the Chief Restructuring Officer. Working closely with the senior lender and creditors’ committee, Force 10 managed the restructuring process and successfully negotiated a joint consensual Plan of Reorganization between Scoobeez, the official committee of unsecured creditors, and Hillair Capital Management, LLC, the senior secured lender, to allow the emergence from bankruptcy with a new capital structure.

Financial advisor to the official committee of unsecured creditors

Representing secured creditor to Chapter 11 debtor

Retailer succumbed to the pressure of omnichannel competitors. Executed on orderly liquidation to maximize recovery to creditors.

Force 10 secured a DIP loan, stalking horse bidder, conducted 363 process and confirmed a Plan of Reorganization while negotiating a complex capital structure and various stakeholder priorities.

Financial advisor to the Debtor during its 2023 Chapter 11 proceedings

Conducted valuation and 363 sale resulting in sale to management's highest and best bid. Plan of Reorganization settled outstanding claims.

Conducted forensic accounting investigation solvency analysis, determined voidable transfers, and worked with counsel to recover assets for the benefit of creditors.

Force 10 procured DIP financing, conducted the 363 sale and advised on Plan confirmation.