John Lombardozzi

Division: Phoenix Management Services


Client

John Lombardozzi was the owner of an $8 million privately held manufacturer of stairway railings and custom cabinets based in Virginia.

Problem

Advances made by Mr. Lombardozzi during bankruptcy to an entity he controlled were characterized as equity by the U.S. Trustee rather than debt.

Solution

Phoenix Management Services served as an expert witness testifying as to the financing options for small companies in distress.