Experience

Chapter 11 Bankruptcy Management & Advisory
Currently serving as Bankruptcy Trustee for a case involving a network of businesses in the tobacco industry, including farming and wholesale, and equipment support businesses.  Expereince in evaluating, reporting  and litigating Section 548 fraudulent transfers, forensic accounting - reconstruction of transactions, and implementation of financial controls.    Converted to Chapter 7, case involves multiple Adversary Proceedings.
 
Previously served as a Chapter 11 Trustee for a Debtor within a corporate network having international manufacturing operations.   Case centered on damages resulting from a patent infringement judgment, since vacated upon appeal.  A Debtor Plan of Reorganization was confirmed including a 100% distribution plan to general unsecured creditors.
 
Previously served as a Company Debtor in Possession, in the healthcare industry.  Approximately 90 days into a full time assigment, determined the clent financial position was insolvent,and beyond workout status.  Filed Chapter 11 and represented the Company as Debtor in Possession in Federal Bankruptcy Court.   The Company had engaged in a overzealous growth strategy leading to a $1 million per month net cash outlay.  Together with the help of the new General Manager, executed a plan to return the business to its core markets, stabilized cash flow within 6 months, renegotiated key post-petition supply and customer contracts.  Under supervision of a Trustee, developed a roadshow and generated a vibrant business auction leading to a Section 363 sale, resulting in a 65 cent return to general unsecured creditors.  Resolved approzimately 250 unsecured claims, 30 execturory contracts (real and personal property leases) and 50 preference actions.  Maintained calculations for four distributions to unsecured creditors, Monthly Operating Reports, tax coordination, through to Final Decree.  Assisted in preparation of Disclosure Statement and Plan of Liquidation.  Testimony in Creditor Meetings, Court Updates, DIP Financing Petitions, Contested Matters, Evidentiary Hearings, and Rule 2004 Deposition.
 
Project Consultant leading to renewed credit facility
Contract CFO in the healthcare industry for a client faced with poor credit relationships with its lead bank.  Working with existing staff, assessed quality of records, leading to credibie relationship with bank.  Completed basic financial modeling for predictive cash flow tools with three year outlook, and rolling 12 month outlook.  Redeveloped bank relationship and doubled available credit line.  Based on new liquidity, arranged workout payments with key vendors, leading the company to imporved finanical position.  Assisted in a bolt on acquisition and brought the business to a position leading to a successful exit to a strategic buyer.
 
Expert Witness - Personal Damages
Appointed as Expert Witness in a Tennessee wrongful death case, providing a damages conclusion for Plaintiffs relative an infant.  .
 
Consulting Expert - Business Damages
Retained by Defendant, evaluated the deminution in value and lost profits claims by defendant, provided written critique of plaintiff report leading to settlement.
 
Retained by Defendant, determined that personal injury / lost profits claims for a proprietorship were based upon exaggerated "but for" "before" business income, when in fact the business was operating at a cash loss, leading to settlement. 
 
Expert Witness - Valuation
As a strategic buyer representing a multinational corporation, participated in all levels of diligence, valuation and closing of ten asset or share based acquisitions.  The process included full valuation analysis including cost, market and income approaches.   This resulted in a industry leading market share for a building materials business in the USA.
 
Appointed as Expert Witness In a Tennessee Divorce Business Valuation cases involving a commercial construction business, and durable consumer product business, and graphical design business.

Retained as Expert Witness in a Tennessee Partnership Dissolution case involving a healthcare practice.
 
Valuation Assignments
Provided valuation conclusions regarding:
  • Real Estate Family Limited Partnership
  • Acquired Intangibles, including trade name, customer lists and proprietary software
 
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