Phoenix serves as the exclusive financial advisor to the secured lender of a machine tool shop liquidating all of its assets for the benefit of the creditor.
The Company was a Machine Tool Shop for aerospace and military contractors located in PA.
The Company’s lender foreclosed on its assets, and the bank needed assistance in winding down the Company’s business and liquidating its assets in order to maximize its recovery.
Phoenix Management Services was engaged to manage the wind down and liquidation activities, which included the sale of inventory, an auction of inventory and fixed assets, the collection of accounts receivable, and the sale of two buildings. Net recovery to the Bank exceeded its expectations.
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