Manufacturer and Distributor of Smoke Alarms and Carbon Monoxide Detectors

Nature of Engagement
Court Appointed Monitor under a CCAA proceedings, and subsequently appointed as Receiver, of a NASDAQ/TSX listed manufacturer having operations in Ontario, Mexico, the U.S.A, and the U.K.
Summary of Strategy Employed & Outcome
We operated the Company for several months and negotiated a going concern sale of the business, resulting in full payment to the major secured creditors of approximately $15 million.
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