DWC provided an in-depth review of the company’s financial position, which had already begun an orderly consolidation and wind down. Following its initial review, DWC formulated a strategic liquidation plan, and obtained court approval to liquidate the company’s assets while overseeing its interim operations in order to maximize the recovery of proceeds. DWC’s responsibilities included overseeing the collection of accounts receivable, selling various real estate assets, directing the orderly liquidation of inventory, resolving numerous outstanding liens, and defending the company against any lawsuits that may arise.

The Receiver was discharged.