Gulf
Atlantic Capital Serves as Liquidating Trustee for Confirmed Chapter 11 Plan.
Kidron, Ohio
$18,800,000
Gulf Atlantic
Capital served as trustee for the liquidating trust created for the benefit of the unsecured creditors in a confirmed Chapter 11 plan.
Gulf
Atlantic Capital Serves as Liquidating Trustee for Confirmed Chapter 11 Plan.
Gulf Atlantic Capital was retained as the Liquidating Trustee to administer the liquidating trust established by the confirmed Chapter 11 plan in the Kidron, Inc. bankruptcy.
Responsible for reconciling approximately $20 million of unsecured claims.
Pursued preference and avoidance actions, significantly increasing the proceeds available to the unsecured creditors.
Administered the distributions with net recovery to unsecured creditors reaching approximately 10%.
