We were retained as the financial advisor to this real estate brokerage firm with $15M in annual revenue and were responsible for guiding the company through its Chapter 11.

Upon being retained, Broadway personnel spent countless hours re-creating financial statements, improving internal controls, preparing six months of delinquent Monthly Operating Reports as required by the Office of the United States Trustee and amending the Schedule of Assets and Liabilities and Statement of Financial Affairs filed in conjunction with the bankruptcy petition.

Broadway personnel performed in-depth analyses on each of the 20 brokerage offices, assessing profitability, analyzing various restructuring initiatives and preparing a comprehensive restructuring plan to support the company’s Plan of Reorganization.

Following the successful negotiation of the company’s largest claim, the debtor was able to pay its creditors 100% of their claim amounts and today is a profitable going concern.