$150 Million Restaurant Chain and Commissary

• Rapidly diminishing equity and enterprise value
• Inability to procure product, or pay operating expenses
• Strained relationships with secured lenders and trade creditors
• Overwhelmed management team
• Understaffed, weak business practices
• Crumbling organizational culture

• Organized the trade vendors, established an out-of-court unsecured trade committee, negotiated an agreement to freeze payments on antecedent trade debt and worked out a satisfactory repayment plan
• Simultaneously, BBK initiated a break-even strategy for the company, which involved a viability analysis and implementation of the findings

• BBK successfully identified a buyer, assisted the former owners in filing for bankruptcy and sold the company in a 363 (b) transaction
• The company is profitable, well-managed, and growing