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Parent Company, SWC, Achieves $2MM Recovery for Chase Through Article 9 Restructuring of Construction Supply Company

Originally published in ABF Journal.

Parent company, Second Wind Consultants, worked with Chase Bank to reorganize a consumer construction supply company through an Article 9 restructuring that resulted in a $2 million recovery for the bank.

Prior to the restructuring, Chase Bank faced a $1.8 million deficiency on a $2.8 million senior note. The resulting recovery from the restructuring represented twice the value of the company’s $1 million liquidated asset valuation and reduced the anticipated efficiency balance from $1.8 million to $800,000.

Rise Alliance represents Second Wind Consultants’ debt settlement and personal guarantee resolution arm, creating solutions that benefit you, your business, and even your creditors.

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