An adult entertainment nightclub d/b/a Larry Flynt’s Hustler Club in San Diego, California.
Project Description
Appointed as Examiner by the U.S. Trustee’s Office to investigate related party contracts, and to investigate and opine on whether a related party sale, third party sale, or a reorganization was in the best interest of creditors.
Scope of Work
DWC conducted a review of financial operations, hired a broker to market the business for sale, presented alternatives to a related party parking lot situation, and ultimately provided the court with advice and guidance on the sale of the business.
Project Resolution
The business was ultimately sold in bankruptcy court for $1.5 million; far in excess of an initial related party offer of $300,000.
Project Name
Pacers, Inc.
Client
United States Bankruptcy Court, Southern District of California
Location
Orlando, FL
