Stout was engaged to serves as the exclusive financial advisor by a company that operated a forge and large-capacity machine shop. The company had filed for Chapter 11 protection prior to Stout’s engagement. The lender in the case had a lien on substantially all of the debtor’s assets. The debtor needed assistance securing access to the lender’s cash collateral. The cash was critical to continuing to operate the business. The right to use cash collateral was negotiated at the same time as the terms of a sale process. Stout advised the debtor during negotiations with the lender. Stout then conducted a sale process for the debtor. The process lead to a successful auction. The debtor’s assets were sold to two buyers – one acquired the forge assets and the other acquired the 90,000 square foot machine shop and all the related machinery.
Stout prepared monthly operating reports as required by the U.S. Trustee Program. Stout also provided expert testimony in support of the sale process.