ISG’s cost-effective, high quality services
encompass:
-
Serving
as the Assignee Under a General Assignment for the Benefit of Creditors
- ISG serves as assignee under common law assignments for the benefits of
creditors. An effective alternative to a Chapter 7 bankruptcy, the
advantages of an assignment include:
-
No court
filing or approval requirement.
-
Faster
resolution.
-
Greater
recoveries for creditors and others.
-
Greater
flexibility in disposition of assets.
-
Lower
costs.
-
Elimination
of many of the risks to secured creditors, which are attendant to a foreclosure
sale under the Uniform Commercial Code.
An assignment
may also be used to ensure a seamless transaction in the sale of the assets
of a going concern business. It protects the buyer, ensures creditors
that funds are being handled prudently, and provides a mechanism for distributing
funds to creditors quickly.
-
Analysis
and Prosecution of Preference Claims - ISG has assembled a team of trained
professionals who can analyze, prosecute, and collect preferential transfers
that are recoverable in a bankruptcy case or in a general assignment under
California Law. ISG has available significant data processing capability,
which allows for the import of large client data files and the analysis of
gross preferences and net preferences after analyzing potential new value
and ordinary course of business defenses. ISG's data base programs
are compatible with both large and small client data base programs including,
without limitation, Sequel, Microsoft Access, dBase4, and Excel. After
analyzing the data and setting appropriate parameters with the client, ISG
generates demand letters and proceeds to prosecute preference claims.
ISG employs lawyers of the highest caliber and experience in prosecuting
the preference claims. ISG also manages the collection and preparation
of documents necessary to commence and prosecute actual preference claims
in the federal or state courts, as the case may
be.
-
Payables
and Trade Debt Management and Restructure - ISG trained professionals
negotiate unsecured debt moratoriums with creditors including vendors and
banks, and structure payments to unsecured creditors to match debtor’s
cash flow while facilitating the continued viability of
clients.
-
State
and Federal Receiverships - ISG also serves as a Receiver in court-supervised
receiverships including:
-
State court
rents, issues and profits receiverships for the benefit of the secured creditors
of income providing property.
-
Receiver
in charge of business operations pending the outcome of shareholder
disputes.
-
Federal
court equity receiverships to manage a business for the benefit of creditors
or defrauded investors.
-
Responsible
Entity - Authorized by court orders, ISG also serves as a responsible
entity in lieu of management in Chapter 11 bankruptcies, taking on the function
of trustee until liquidation is completed, and funds are
dispersed.
-
Disbursing
Agents and Special Liquidating Agents - ISG serves in the capacity of
Chapter 11 plan liquidating and disbursing agent and provides collection
related services.
-
Turnaround
Consulting - ISG offers consulting services to companies that are
transitioning from healthy operation to potential reorganization, as well
as to businesses facing imminent liquidation.
-
Administrative
Compliance - ISG can also provide bankruptcy lawyers and their clients
with the support necessary to comply with the administrative requirements
of Chapter 11 bankruptcy cases.
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