Case Study
Total Homecare
The Fire
Failed durable medical goods provider with locations in Las Vegas, Nevada and Arizona.
Filed Chapter 11 in Las Vegas.
Business model untenable due to accounting and reimbursement issues.
The Rescue
Stabilized the debtor’s operations and re-established credibility with the lender by implementing accurate and timely financial reporting.
At lender’s request, named the debtors’ sole Agent to explore the sale of the enterprise.
Gained consent for the continued use of cash collateral.
Addressed and resolved significant client and vendor concerns.
The Result
The Nevada Bankruptcy Court approved a successful sale of the debtor.