Receiver to Print Media Company Which Underwent an Orderly Liquidation
Inglewood was initially engaged to prepare a valuation for a proposed spinoff of certain new technologies from this print media company, as well as to prepare a report indicating the impact of this spinoff on the company. Inglewood was then engaged to assess the future viability of the remaining operations of the business. Inglewood quickly determined that the company would not be able to survive its existing challenges and recommended the closing and orderly liquidation of the business. Inglewood assisted in that closure and liquidation of assets directly into a receivership as opposed to through bankruptcy. After the closure, the client stated that Inglewood's fee was the best money that he had ever spent. Inglewood, serving as receiver, sits on the board of the company that is developing the technologies spun off from the company. It is believed that in time these assets will increase in value which will ultimately pay the creditors their respective claims in full.