Creditors Committee

Through Phoenix’s actions, a Creditors Committee is able to extract a 10% premium from a stalking horse bidder during a bankruptcy proceeding.

The Client

Phoenix’s client was the Creditors Committee during bankruptcy proceedings for a manufacturer of machine tools.

The Challenge

The Committee was concerned about its interests during bankruptcy and wished to validate the information pertaining to a stalking horse “363 Sale.”

The Solution

Phoenix was engaged to represent the Creditors Committee with regard to a stalking horse bid. Through Phoenix’s actions, the Committee was able to extract a 10% premium from the stalking horse bidder.

Phoenix Turnaround

Primary Industry

  • Manufacturing

Secondary Industry

  • Metal Products

    Primary Services

  • Bankruptcy Advisory