Gulf Atlantic Capital Appointed Assignee in Assignment for Benefit of Creditors Filing for Home Discovery Real Estate Services
Gulf Atlantic Capital served as the Assignee for the disposition of the Company’s assets in an Assignment for the Benefit of Creditors filing.
Developed strategy to establish a management agreement to allow the Company to continue to operate while the assignment process was proceeding.
Marketed the Company and identified and closed a transaction to sell the entity as a going concern.
Directed efforts to reconcile claims and resolve creditor issues, including negotiating a settlement with a creditor seeking to convert the case to a Chapter 7 proceeding.
