Telcom USA Division: Phoenix Management Services Client Telcom USA was a manufacturer and distributor of plastic flowerpots based in Lawrence, MA. Problem Having been hobbled by years of litigation between Telcom SpA, an Italian corporation and 50.5% shareholder of Telcom USA, and the Company’s minority shareholder-Telcom USA made the decision to liquidate the business through an Assignment for the Benefit of Creditors, whereby all of the ownership rights of the company’s assets would be assigned to an assignee, whose sole responsibility would be to liquidate the assets for the benefit of the company’s creditors. PMCM, LLC, an affiliate of Phoenix Management Services agreed to serve as Assignee for the Benefit of Creditors of Telcom USA. Two immediate issues facing the Assignee were: (a) d

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