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02-20-2019, 05:44 PM #1
Reputation points: 17
- Join Date
- Jul 2018
- Location
- Ft lauderdale, FL
- Posts
- 37
Logistics company looking to buy themselves out of Chap 11
I have a merchant who is currently in chap 11 but is looking for 1m to buy himself out, with that being said the business is operating and doing about 1.5-2mill a month. (it's a logistics company)
he's looking for someone who can get the family on a loan to finalize the sale (To get them out) . His family will sign guarantee and will pledge the stock even if we could obtain 500k-1m to be able to take part in the purchase out of Chapter 11
The merchant can't take on more debt in the current company but was hoping to bring the debt from the loan into a new company that hasn't been created yet.
I know it's very different situation than usual but if anyone has the resources to do something like this please let me know
Thank you
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