DSI'S Role

Financial Advisor

Services Provided

  • Due Diligence
  • Business Plan Analysis
  • Business Valuation
  • Collateral Monitoring
  • Fraudulent Conveyance
  • Preference Analysis
  • Sale of Assets


Case Highlights

  • Provided on-site crisis management and subsequently advised on the sale of substantively all of the assets
  • Wound down the affairs of the Debtor and advised on a strategy to discharge via a Liquidating Plan

Case Narrative

Biolitec, Inc., a manufacturer/distributor of medical lasers and fiber optics with annual revenues of approximately $10 million, filed for Chapter 11 on January 22, 2013 under the burden of a $23 million patent litigation indemnification judgment.

A Chapter 11 Trustee was appointed effective April 12th, 2013 with DSI retained as Financial Advisor.  After performing on-site due diligence to evaluate the financial viability of the Debtor, it was determined that severe erosion of the Debtor’s customer base and a lack of progress in settling the litigation and intercompany claims left no choice but to conduct an asset sale, and wind down the Debtor’s affairs.

DSI advised on the negotiation and sale of substantially all of the Debtor’s assets, while remaining on site to monitor the assets and operations and prepared customary fraudulent conveyance and preference analyses.