Construction, Excavation, and Site Services Corporation
Goldhar & Associates Ltd. was the Licensed Insolvency Trustee in the matter of bankruptcy of a contractor operating as a key service provider to municipalities and commercial clients. The Debtor had over $5 million in accumulated liabilities following the loss of its largest customer.
Bankruptcy
5 million
The Challenge
In an attempt to stay afloat, the company entered into some underpriced contracts resulting in financial instability. Complex stakeholder issues arose, including employee claims, landlord obligations, and inter-creditor disputes.
Outcome
The structured approach enabled creditors to recover value from the sale, while minimizing disruption to stakeholders and ensuring an organized resolution of the company’s obligations.
Our Approach
Oversaw the sale of the entire business to maximize recovery for creditors.
Coordinated resolutions with employees, landlords, and multiple creditors to streamline the closure process.
Managed all operational and legal issues efficiently to ensure an orderly liquidation and distribution of proceeds.
