Accurate Fab, LLC


We were called by the company when its bank lender was in Court seeking appointment of a receiver claiming fraud and seeking to collect over $4.5 million USD.  We put together a chapter 11 filing, and used the issues identified there to guide Accurate Fab, LLC through consent to a receiver.  The receivership allowed the company to gain the withdrawal of the fraud claims, to keep the management team in place under the receiver’s supervision, to maintain the two key customer relationships (two truck OEMs), eventually gaining the confidence of the receiver and the bank lender to function as the receiver’s lawyer, to help market and sell the business and to preserve the enterprise value and the jobs.