We were appointed by the Superior Court of New Jersey as the Receiver to manage a power plant, assure the proper collection and application of the cash flow, maximize receipts, satisfy arrearages and preserve what remains of the impaired collateral for the benefit of the secured institutional creditors that invested over $120 million and their Trustee, The Bank of New York Mellon. The Receiver also assisted secured creditors and their counsel to successfully negotiate a favorable settlement.