Hampton Industries Division: Phoenix Capital Resources, Phoenix Management Services Client Hampton Industries was a $200 million publicly traded designer, manufacturer, and distributor of apparel, headquartered in New York City. Problem Hampton had defaulted on its line of credit and faced a severe cash liquidity crisis. Another consulting firm had recommended to the Company’s Board of Directors that a liquidation of the Company, which would have resulted in an estimated $20 million loss to creditors, was the best course of action. While the Company’s lenders, who were anticipating a loss of about $10 million, had agreed to this strategy, the Board of Directors wanted to be assured that this was the most responsible course. Solution The Board of Directors hired Phoenix Management Services

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