Bankruptcy and Liquidation:

California food processing company

SECURED CREDITORS
RECEIVED 99% OF
ALL PRINCIPAL
AND INTEREST DUE.

Ms. Cassidy was a senior executive in a $350 million food processing company, serving first as CFO and then as CRO. The company initiated a turnaround effort

After less than six months, due to fractures within the lending group, the company could not obtain on-going financial support. Chapter 11 was filed. Ms. Cassidy managed the liquidation of the company; resolution of disputes; termination of pension plans, and sales of inventory, real estate and personal property. Secured creditors received 99% of all principal and interest due, pre- and post-bankruptcy. During this process, she managed the activities of six law firms to achieve resolution of a wide variety of environmental, employee benefits and creditor disputes.