Before Business Bankruptcy collaboratively works alongside creditors, bondholders, secured lenders, and trustees, in order to maximize recoveries with cost-effective solutions. To this end, MCA provides operational and financial assessments of borrowers in order to assist lenders in achieving their desired resolution.
Before Business Bankruptcy’s expertise includes these core services:
Provide valuable insights into a borrower’s financial position and provide in-depth analysis of management, operations, market position, cash flows, and other critical factors.
Fulfill an oversight role for operations, financial reporting, and restructuring plans. Provide analysis, reporting and recommendations to lenders throughout the restructuring process.
Perform detailed market and competitive research paired with the borrower’s market position and strategy and report/advise the lender on findings.
Advise on options available to lenders to achieve the maximum recovery in a restructuring environment via foreclosure, UCC sale, bankruptcy, appointment of a receiver or other resolution process.
Serve as Court Appointed Receiver, Chief Restructuring Officer (CRO) or other executive level of borrower. Step in to manage the sale or refinancing process pursuant to forbearance or agreement with borrower.
Examine collateral to assess value; develop, negotiate and manage a recovery/disposition plan via foreclosure sale, UCC sale, bankruptcy, receivership, or out-of-court remedy.
Fraud, Asset Misappropriation, Forensic Accounting
Real Estate Lender vs. Borrower
Before Business Bankruptcy was engaged by the lender in a non-dischargeability case against an individual Debtor for judgment of $17 million. MCA investigated historical activity and actions of the debtor, its principals and related entities, and provided expert report and testimony illustrating fraudulent financial statements and unauthorized use of loan proceeds. MCA’s independent and objective work researching the facts assisted the court in concluding that the debt was, in fact, non-dischargeable to the debtor.
Business Damage Determination and Assessment with Trial Support
Subprime Lender vs. Borrower
Before Business Bankruptcy was appointed as a state court receiver over the business and operations of a subprime automotive dealer/lender that included a vehicle leasing and sales operation in Phoenix. The case relied upon MCA’s expertise in the automotive industry to investigate vehicle title transactions and movement throughout several states in order to prove fraud and other violations on the part of the company’s owners. MCA assisted in asset recovery and obtaining judgments against former owners for the benefit of creditors.
Interim Chief Financial Officer
Before Business Bankruptcy served as Interim Chief Financial Officer for this national aerospace parts manufacturer for approximately 10 months, on behalf of an institutional majority shareholder. MCA led business improvement plans and enhanced financial reporting. MCA supported the business sale process including due diligence, negotiations, and closing.
Debt Advisory
National Media Publisher
Before Business Bankruptcy was retained by the lender to this publisher of shopping-related, free newspaper publications with operations in Pennsylvania, New York, Arizona, and Texas. MCA led the acquisition of these options though a restructuring on behalf of the lender. MCA served as Chief Restructuring Officer through a Chapter 11 process in order to effectuate the acquisition. MCA successfully sold the publications over a two year period, providing a full recovery to the lender.
501(c)(3) Non-profit Credit Counseling Organization.
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IMPORTANT DISCLAIMERS: Please note that all calls with the company may be recorded or monitored for quality assurance and training purposes. Clients that remain in good standing in the program and settle their debt may realize savings of 57% before program fees, or 27% including program fees, over a period of 24 months. All claims are based on enrolled debts. Not all debts are eligible for enrollment. Not all clients complete our program for various reasons, including their inability to save sufficient funds. Estimates are based on prior results, which vary based on individual circumstances. We do not guarantee that your debts will be lowered by a specific amount or percentage or that you will be debt-free within a certain time frame. We do not assume your debt, make monthly payments to creditors, or provide tax, bankruptcy, accounting, or legal advice, or credit repair services. Not available in all states. Please consult a tax professional to discuss any tax consequences of settlement. Please consult a bankruptcy attorney for more information on bankruptcy. Read and understand all program materials prior to enrollment, including potential adverse impact on credit rating. The Company and its affiliates are not lenders, creditors, or debt collectors. This is not a loan. Testimonials are actual customer experiences and individual opinions and may not be illustrative of all experiences with the Company or its affiliates.
