DSI'S Role

Financial Advisor to Secured Lender

Services Provided

  • Business Plan Analysis
  • Collateral Monitoring
  • Creditor Advisory


Case Highlights

  • Led coordinated effort between client and its major customer to develop reorganization plan
  • Lender paid in full on $18 million claim as part of a Chapter 11 Bankruptcy Reorganization plan

Case Narrative

Precision Tool & Die was located in Louisville, Kentucky, and manufactured metal parts primarily for the appliance industry.  DSI was retained by a secured lender after financial irregularities were discovered in the company’s collateral reporting to its lender.  DSI worked with company management and its largest customer to develop a plan that was beneficial for all the various constituencies.  The company emerged from Chapter 11 bankruptcy that allowed it to continue to operate as a stand alone business under the moniker of nth/works.