A network of financial services firms providing mortgage, escrow and related services throughout the United States.
Project Description
Appointed as Accountants to the Outside Creditors’ Committee (“OCC”) by the US Trustees Office to assist the OCC in their review of claims and obtaining highest and best value on their claims against the bankruptcy estate.
Scope of Work
Services provided to the OCC included 1) assist OCC with analysis of litigation claims, including avoidance claims, 2) assist OCC with analysis of value of Debtor’s business, 3) assist the OCC with determination of facts and providing expert opinion as might be necessary for plan confirmation, 4) to assist in development of facts and to provide expert testimony for the OCC to pursue avoidance claims as might be necessary, and 5) take other action and perform such other services as the OCC may require.
Project Resolution
The business was successfully reorganized in the Bankruptcy Court, and the OCC were able to obtain secure a satisfactory resolution of their claims against the bankruptcy estate, including an ongoing action for various insider preference claims.
Project Name
EquiPoint Financial Network, Inc.
Client
United States Bankruptcy Court – Southern District of California
Location
CA
