Bankruptcy Services by Corporate Solutions Group, Inc.

NOTABLE ACHIEVEMENTS:  Vice President & Chief Financial Officer, Savage Arms, Inc. ($75M sporting firearms, Westfield, MA) Engaged by private owners and new PE investor to lead the financial and operational turnaround of this $75M manufacturer following an extended shutdown. Successfully converted $15M in prior-year losses into $6M in annual profits through the implementation of tight financial controls, operating budgets, and process improvements, while divesting unprofitable product lines and right-sizing operations. Managed complex product liability litigation and environmental site remediation while leading substantial organizational change across HR and IT functions. Navigated the business through a challenging five-year Chapter 11 reorganization (1989–1994), resulting in a successful financial restructuring of over $50M in debt while maintaining operational continuity and profitability improvements. Executed a profitable LBO exit in 1995, demonstrating complete turnaround achievement and creating substantial returns for equity investors.  Financial Advisor, Wachovia/Hart, Schaffner & Marx ($493M apparel) Advised on corporate bankruptcy procedures during the Chapter 11 reorganization and Section 363 asset sale of an iconic apparel company. Collaborated with lenders, equity holders, and operating management to structure bankruptcy proceedings that maximized enterprise value and facilitated the transition of operations to new ownership.  Financial Advisor & CRO, Smith Gas Field Service ($43M oil & gas) Executed a value-preserving receivership reorganization during a commodity downturn. Negotiated with secured lenders and unsecured creditors to structure a plan that maximized recovery, maintained operational continuity, and achieved a successful emergence from receivership.  Interim President, NewCare Health Corporation ($100M healthcare services) Appointed by the Bankruptcy Examiner to stabilize a failing Chapter 11 operator of nursing homes, hospitals, and assisted living centers. Quickly implemented operational controls and patient care protocols to stabilize operations and preserve safety standards across the portfolio. Developed financial and operational reporting that demonstrated improved metrics to creditors and stakeholders, enabling the successful sale of the business as a going concern, with no patient disruption, and securing creditor recovery.