Our Experience
Charter Oak professionals are some of the most experienced financial advisors in the field of asbestos-related Chapter 11 tort bankruptcy. We have successfully advised creditor committees in over 35 cases and our work has resulted in billions of dollars in enhancements to creditor committees.
Case Studies
Financial Advisor to Creditor Committee
$830 Million Estate
Asbestos-related bankruptcy of specialty chemical products manufacturer with approximately $300M in revenue
Identified fraudulent conveyance to non-debtor subsidiaries, establishing an estate value of $450M
Discovered undisclosed ownership in holding company, enhancing estate by $350M
Awarded for “Restructuring Deal of the Year” from The M & A Advisor ($500M-$1B deal size) for reorganization
Financial Advisor to Creditor Committee
$940 Million Estate
Asbestos-related bankruptcy of integrated mining company with approximately $350M in EBITDA
Identified fraudulent conveyance of assets out of Debtor; return of assets upheld by court
Pursued Alter Ego theory and gained substantive consolidation for stripped out subsidiaries
Created and maintained digital document database from disparate legacy databases and 10,000 box files
Financial Advisor to Creditor Committee
Confirmation in Process
Asbestos-related bankruptcy of HVAC ducting and accessories manufacturer with approximately $80M in revenue
Identified undisclosed assets and successfully negotiated inclusion in estate, doubling pre-insurance estate value
Worked with Debtor and client to develop complex settlement structure, confirmation of which is in process