• chief restructuring officer

Applied Business Strategy Retained as Chief Restructuring officer

Applied Business Strategy (“ABS”), retained as Chief Restructuring Officer in October 2021 for a large, privately held food contract manufacturer (“Company”) serving several large well-known consumer brands, such as Nestle and Hershey’s, is pleased to announce the successful restructuring of the Company.

In its role, ABS developed and implemented a comprehensive business model and turnaround plan focused on price increases, cost reduction and settlement of several large contingent obligations. The restructuring was completed without a bankruptcy filing in January 2023 by selling a majority interest in the Company.

2023-03-22T14:08:42-04:00January 20th, 2023|
  • exworks, tom pratt applied business strategy

Tom Pratt Retained by ExWorks Capital LLC

Tom Pratt has been retained as an independent and sole Director of ExWorks Capital LLC. The engagement arose from a multi-million dollar alleged fraud perpetrated by the former management team.

Mr. Pratt provided guidance and counsel through the Chapter 11 process, including full testimony in Delaware Bankruptcy Court in support of the Debtors reorganization, which was promptly approved by the court.

Mr. Pratt was retained to serve as Liquidating Trustee for the trust, created as part of the approved Plan, to manage the ongoing lititagetion agains the former management team.

2023-03-29T12:41:10-04:00December 20th, 2022|
  • Association of Insolvency & Restructuring Advisors, AIRA, Dean Vomero

Vomero Serving on AIRA Planning Committee

Congratulations to Dean Vomero who will serve for his second year on the Association for Insolvency and Restructuring Advisors 39th Annual Bankruptcy & Restructuring Conference planning committee. This year’s conference will be held June 4th through the 10th in Newport Beach, CA.

2023-01-30T15:43:21-05:00March 5th, 2022|
  • sporttechie applied business strategy sports business journal

Applied Business Strategy is Sporttechie, Inc Chief Restructuring Officer

Applied Business Strategy (ABS), engaged in August 2021, served as Chief Restructuring Officer for Sporttechie, Inc., a leading sports technology periodical and event company. ABS led a pre-packaged sale of the Company to Leaders Group, the parent company of the Sports Business Journal, through a Chapter V bankruptcy filing. ABS negotiated buyer provided debtor-in-possession financing, purchase agreement and developed a methodology for streamlined bidding procedures. The Company’s sale was completed, and plan confirmed, in a few short months.

2023-03-29T12:43:11-04:00November 12th, 2021|

Tom Pratt Assists Restructuring Industrial Waste Company

Tom Pratt has completed an interim CEO role for a large, privately held industrial waste company operating in the sour east United States.

In addition to reorganizing the company, an ABS forensic accountant team was deployed to straighten out numerous accounting irregularities.

Upon completion of the successful restructuring, ABS assisted in identifying and hiring a replacement CEO.

2023-01-30T17:17:51-05:00December 12th, 2019|