Liquidated the company’s assets, and paid off secured lender in full
The Company: A disinfecting wipes manufacturer
The Issue: A major drop in orders due to unforeseen, rapidly changing market conditions
The Work:
- Responded to changing market conditions by consolidating two factories and substantially reducing headcount and other expenses
- Worked with secured lender to hire an auctioneer who conducted auctions in both locations
- Liquidated unsold excess inventory and machinery
