Sale Of Business
The staff of the ET Insolvency facility functions as fiduciaries and endeavors to provide clients with specific designed solutions to real problems and to assist organizations and their owners/managers to transition through crises. Often, when a Chapter 11 liquidating plan is approved by the court, a Liquidating Agent is appointed to carry out the liquidation as provided by the Chapter 11 plan which would include the sale of business. The qualifications and experience of the Liquidating Agent are important. The Liquidating Agent is responsible for the sale of business, disposition of all assets and the payments of allowed claims. ET Insolvency achieves resolutions in a prompt and cost-effective manner with processes which are centuries-old and steeped in traditional principles of equity, fairness and integrity.
The highly qualified team of ET Insolvency comprises of Nigel Hamer, David Haberbush, Bill Russ and Sarah Lettiere. Nigel Hamer is the President of ET Insolvency and former president and CEO of the Hamer Group. David Haberbush has twenty-three years of experience in bankruptcy, insolvency, Receiverships and debtor/creditor litigation. Will "Bill" M. Russ has twenty-eight years of experience in bankruptcy, debtors-in-possess, creditors' committees and court appointed Receiverships. Sarah Lettiere has twenty years of experience of public accounting and seven years in the private sector. She is experienced in the arena of insolvency turn-around and the forensic reconstruction of financially distressed organizations. ET Insolvency does not consult or practice law although it is experienced in both but can offer assistance as Liquidating Agents for the court approved sale of business and disposition of business assets. As a Bankruptcy Trustee Mr. Haberbush has presided over sale of business and other assets and has disbursed millions of dollars to creditors and is well-versed in the processes.
Whether the wind-up of a sale of business and/or dissolution is a voluntary or involuntary one ET Insolvency can be of great help to owners and creditors in a Receivership position by leveling the "playing field" between the shareholders in control of the entity and those who are not. As Receivers ET Insolvency would take charge of all the assets and will liquidate the assets, and the sale of the business as appropriate and in the best interests of all parties including creditors. Frequently, the appointment of a Receiver in a voluntary wind-up and dissolution can result in a settlement between the shareholders.
Many times the shareholders and officers of an entity will engage the services of ET Insolvency as Receivers because they wish to disengage from their activities with the entity or engage in their own business opportunities. Accepting Receivership ET Insolvency will help to avoid any appearance of usurpation of corporate opportunity or conflict of interest in the process of the sale of business and liquidation of the company's assets. An ET Insolvency Receivership to oversee the sale of business and the dissolution of an entity will provide an ordered and stable format for the equitable distribution of the assets of a corporation to its creditors and sometimes to its equity holders.
