Aurora Foods

Charter Behavioral Health System

ROM was retained by a Bank Group to perform a review on a Health Care company and to oversee the orderly liquidation of their collateral, which totaled approximately $130 million. Able to recover the entire loan plus related expenses.

LTV Steel

ROM was retained by the Bank Group to conduct a review, and to monitor on a day-to-day basis, the $400 million collateral owned by the Receivables and Inventory Securitization Lenders.

Point Blank Body Armor

ROM was retained by the secured lender to liquidate the A/R collateral of a company that manufactured body armor. Their exposure consisted of a $25 million loan. Projected return by lender was 25%. We were able to obtain a return of 52%.

European Corporation

ROM was retained by a bank as a team member, to assist them in conducting a review and examination of the accounts receivable management practices in conjunction with a proposed $450 million asset securitization. A review of policies, procedures and management practices with regards to lease receivables, lease balances, credit reviews and contract generation was performed. The review was conducted at the corporate offices in Europe and included interviews and inquiries with key management personnel.

Global Corporation

ROM was retained by a Bank Group, as a team member, to perform a review of the operations of a $4 billion company. The objective of this review was to ascertain the control environment at this global corporation and its related companies, regarding the accounts receivables function. The scope of this review was to determine whether or not the company’s procedures, systems and controls over various functions and locations were conducive to mitigating the risk of fraud.