An adult entertainment nightclub d/b/a Larry Flynt’s Hustler Club in San Diego, California.
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.
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.
The business was ultimately sold in bankruptcy court for $1.5 million; far in excess of an initial related party offer of $300,000.
United States Bankruptcy Court, Southern District of California
Douglas Wilson Companies was founded in 1989 to provide a wide range of specialized business, workout, and real estate services to law firms, state and federal courts, corporations, partnerships, pension funds, REITs, financial institutions, and property owners throughout the United States.
1620 Fifth Avenue
San Diego, California 92101