| CASE STUDY (B) MEAT PROCESSING COMPANY |
The Challenge
* Serious liquidity crunch
* Communication breakdown
among controlling shareholders
* Secured lender was insisting
upon a liquidation
* Difficult relationship with
trade creditors
* Compressed margins with
largest customer
| The Solution
* Developed and implemented
out of court restructuring plan
* Negotiated waiver and
forbearance agreement
with bank and creditors
* Reduced debts and extended
payment terms
* Reestablished credit lines with
existing and new lenders
and suppliers
| The Results
* Restored liquidity
* Restructured and settled delinquent debt
* Turned around company finances
* Improved shareholder communication
* Improved employee loyalty and moral
* Company became well managed and profitable
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