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Brought
major issues to light during a due diligence review on behalf of a lender
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Put
together a viability analysis report on a troubled company on behalf of the
lender, which enable the lender to protect its loan
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Monitored
a large manufacturing company on behalf of a lender and uncovered
improprieties
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Took out fatigued lender and placed $60 million debt elsewhere with
improved terms and larger credit line
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Prepared
an orderly liquidation valuation analysis of a steel mill on behalf of a
lender, enabling the lender to re-evaluate its position and prevent
further exposure
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Executed
an orderly liquidation of a large international company on behalf of a
lender and recovered the lender's entire loan, all its accrued interest and
expenses, where the lender, in anticipating a large loss, had set up millions
of dollars in reserves
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Increased plant utilization from 34% to 82%
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Improved
management's credibility with lenders, vendors and creditors
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Implemented inventory controls and increased turn rate 1.25 times
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Turned troubled company's cash flow from negative to positive within six
weeks
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On
behalf of a financially troubled company, negotiated and obtained a
multi-million dollar vendor/creditor long term pay out plan with no interest
and continuing supply and support from the vendors/creditors
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Saved a steel mill from bankruptcy
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Improved quality control and reduced scrap by 57%
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Acted as catalyst to "paralyzed" management to execute action
items
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Executed emotionally difficult tasks of plant closings, employee layoffs,
and wage/salary reductions on behalf of management
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Improved troubled company's gross margin by 524%
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Stopped a troubled company's cash hemorrhaging
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Reduced a troubled company's expenses by 41%
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Negotiated with labor unions, reducing economic package and improving work
rules
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Installed credit and collection policies, reducing average
outstanding accounts
receivable from 76 days to 43 days, and materially reducing bad debts
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Prevented lender liability law suit
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Arranged a $42 million debt placement for a company whose principals were
under federal criminal indictment
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Increased manufacturing productivity by 376%
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Brought in outside capital to a troubled company