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$9 Million Food Processor | |
- BBK's client was concerned that its interest's Plan of Recovery was not feasible
- Company was in Chapter 11 and had a long history of losses
- Uncertainty existed regarding the extent to which demand would be sustained beyond "end-of-millennium panic" buying
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- On short notice, performed an operational and financial assessment
- Prepared market research to assess the extent of demand for products
- Prepared an expert witness report
- Provided deposition and court room testimony
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- BBK confirmed that the Plan of Reorganization was not feasible
- Bankruptcy Court ruled in favor of BBK's client
- Company was not permitted to publish its Plan
- Company was required to pay BBK's client adequate protection
- Client recovered 100% of its loan
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