Client presents with the following scenario:

• Debt – $52 million.
• Asset value – $98 million across 8 current businesses and mix of large properties Australia wide.
• Loan defaults were rectified within 3 months. Bank left the Client in Asset Management and charged an additional 525 basis points of default.
• DJ Partners was contacted with scenario one day prior to Receivers being appointed.

Client’s objectives were:

• Sell the long established.

DJ Partners achieves results for clients:

Following discussion with the Bank DJ Partners confirmed:

• Ceased appointment of Receivers. Client retained control of business.
• Client entered a new 12 month Deed of Forbearance.
• Interest rates were normalised resulting in savings of hundreds of thousands of dollars.
• Client had time to sell Business for a premium amount.