An Ohio company that manufactured moldings made a decision to cease operations but did not want to file bankruptcy. The client assigned 48 unsecured vendor claims with a volume in excess of $203,000.00. The client had funds available to settle of 60% of the volume assigned and wanted all claims settled within 90 days.
American Finasco was successful in settling 93.6% of the claims within 15 weeks. The total cost to the client for this project was 47% with savings of $75,714.08.