Structural Wood Component Manufacturer
The company had sustained losses for several years prompting their bank to demand that the company find another lender. The company also had past due unpaid payroll taxes and severely aged accounts payables.
The company had sustained losses for several years prompting their bank to demand that the company find another lender. The company also had past due unpaid payroll taxes and severely aged accounts payables.
Computer Consulting Firm
The consequences of several months of unprofitable operations resulted in $500,000 of unpaid payroll taxes due the IRS. This caused an assessment and tax lien to be filed against the company's owners and officers.
The consequences of several months of unprofitable operations resulted in $500,000 of unpaid payroll taxes due the IRS. This caused an assessment and tax lien to be filed against the company's owners and officers.
Commercial & Industrial Lighting Company
This company had been experiencing losses from reduced sales. These losses prompted their bank to increase the interest rate and reduced their line of credit availability. The company also had unpaid payroll tax problems and unsecured creditor pressures.
This company had been experiencing losses from reduced sales. These losses prompted their bank to increase the interest rate and reduced their line of credit availability. The company also had unpaid payroll tax problems and unsecured creditor pressures.
Chemical Distributions Company
This business had sustained losses due to a large customer resourcing. The business was unable to regain sufficient new sales to cover overhead and expenses.
This business had sustained losses due to a large customer resourcing. The business was unable to regain sufficient new sales to cover overhead and expenses.
Value Added Millwork Distributor
A large value added distributor of millwork providing products to the commercial and residential building industry found itself losing money due to several unprofitable contracts it agreed to supply.
A large value added distributor of millwork providing products to the commercial and residential building industry found itself losing money due to several unprofitable contracts it agreed to supply.
Industrial Transformer Remanufacturer
This large international remanufacturer of industrial transformers had been experiencing creditor problems and insufficient cash flow to operate its business.
This large international remanufacturer of industrial transformers had been experiencing creditor problems and insufficient cash flow to operate its business.
Rubber Molding Manufacturer
A full service custom rubber molder of elastomeric components specializing in high volume production had been experiencing union problems and higher than market labor costs. This resulted in unprofitable operations for several months.
A full service custom rubber molder of elastomeric components specializing in high volume production had been experiencing union problems and higher than market labor costs. This resulted in unprofitable operations for several months.
Plastic Injection Molder
A plastic injection molder providing highly engineered plastic moldings had lost over $7 million in subsequent years resulting in considerable bank and creditor pressures.
A plastic injection molder providing highly engineered plastic moldings had lost over $7 million in subsequent years resulting in considerable bank and creditor pressures.
Aluminum Die Casting Manufacturer
An aluminum die caster and machining company which produced machined castings to a wide range of OEM customers throughout the United States. This company had sustained substantial losses and a bank liquidation was imminent.
An aluminum die caster and machining company which produced machined castings to a wide range of OEM customers throughout the United States. This company had sustained substantial losses and a bank liquidation was imminent.
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