Case StudyCorporate Finance and Restructuring Services
A Claro professional was appointed the Chief Restructuring Advisor to Ebony Media Holdings, LLC et al. Ebony filed for Chapter 11 on September 2, 2020 unable to service $14.4 million in secured debt and over $3 million in unsecured debt. Claro stepped in and worked with the investment banker to sell the intellectual property, assist the board of directors in making decisions, and shepherd the company through the bankruptcy process. In January 2021, the Ebony intellectual property was sold at auction for $13.2 million. Claro continues to evaluate potential litigation and liquidation options.