Asset Recovery / Orderly Liquidations
Many banks these days are extending their credits without suggesting deep intervention by turnaround professionals. Unfortunately, we often get involved later helping the bank liquidate in the most effective and expeditious manner. Too often this is happening and insolvent businesses are being dismantled to satisfy creditors.
Clearly, we should be brought in 6 months earlier. But when we’re not, Dorset Partners provides great value. Creditors benefit from above par recoveries while business owners gain from our experience, creativity and deep empathy through the difficult process.
With the right plan these recoveries can become a liberating experience for the entrepreneur who is struggling under a mound of debt in his later years. “Finally, someone is here to help me get out of this hole.”
The last several orderly liquidations which we advised on, we were able to help set the owners up in a new business – debt free and profitable. Creditors enjoyed above par recoveries and maintained good community banking standards while Dorset Partners crafted working agreements which were fair but never punitive.
Dorset Partners works with mid-market commercial banks, asset based lenders, private equity and hedge funds to gain the highest possible recoveries on distressed credits.