A turnaround advisor who had previously worked for a client of Prestige Capital was hired by a bankruptcy trustee to assist in obtaining Debtor in Possession (DIP) financing for this 7 entity holding company.
These companies had been self-funded. However, needed relief and financing due to a large federal tax lien.
Within 5 business days, Prestige Capital provided the DIP financing needed to keep the company operational while developing its plan of reorganization.
400 Kelby St., 10th Floor
Fort Lee, NJ 07024