Case Study

Oicial Committee of Unsecured Creditors

Oicial Committee of Unsecured Creditors

Engagement Results Client Name: Ocial Committee of Unsecured Creditors Discipline: Liquidating Chapter 11 Assignment: MainStream was engaged by the Ocial Committee of Unsecured Creditors through the Federal Bankruptcy Court in Northern Georgia to manage the claim payments for a large and complex Chapter 11 liquidating bankruptcy ling. Actions: The total number of unsecured parties of which claim payments were to be made was 484 broken down into ve specic categories. Two of the categories were made up of former employees of the debtor (bankrupt company) for which state and federal withholdings had to be calculated and tax payments issued for each individual. The total amount of claim payments authorized was $29,754,639. Along with locating each of the aected parties, MainStream assume

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