Successes

Due to extenuating circumstances, the company encountered a material liquidity shortfall and faced default on its senior revolving credit and term loan facilities.

The company’s financial position had become distressed and they were seeking to avoid a Chapter 11 bankruptcy filing.

The company’s financial position had become distressed and they were facing a bankruptcy filing.

Valiant provides global expeditionary services to the Defense Logistics Agency and information gathering for INSCOM (Intelligence and Security Command), an internal intelligence unit for the Department of Defense along with other systems, training and readiness services to multiple agencies within the defense complex.

The company’s financial position had become distressed and they sought to restructure their balance sheet to avoid a bankruptcy filing.

The company’s senior lending group had become fatigued and needed to be taken out of the credit.

Following years of weak operations and declining sales, the company filed for Chapter 11 bankruptcy protection.

The company experienced a challenging operating environment and entered into a Chapter 11 bankruptcy filing in 2008. New owners acquired the business in 2009 and subsequently faced additional financial difficulties, filing for Chapter 11 bankruptcy in 2010.

The company was experiencing operational difficulties and needed assistance in restructuring its operations.

Lazy Days was facing bankruptcy and sought to recapitalize the business.

The company had failed to produce financial statements for the preceding three years while also neglecting to implement proper internal controls.

The company had declared bankruptcy and was just a public shell of the former software solutions developer and marketer.