CHIEF RESTRUCTURING OFFICER


Chief Restructuring Officer

Mr. Fuquay served as Chief Restructuring Officer of an oil and gas E&P Company with $ 32 million of assets in Northeast Texas. The Company had a 60-mile Hydrogen Sulfide pipeline, three operating leases with over 250 oil and Hydrogen Sulfide gas wells. The Company had been in Chapter 11 three months before his appointment as CRO. Organized and developed a data room for selling the leases via Confirmed Plan and Sec. 363 auction. Engaged an oil and gas marketing firm to solicit offers for the operating leases, conducted the auction and sold the properties in five months.

Chief Restructuring Officer

Mr. Fuquay served as Chief Restructuring Officer of a steel service and steel manufacturing company with sales of $45 million. The Company was guided through the bankruptcy filing process to plan confirmation in five months. The process included objections to use of cash collateral by the asset based lender, which the Court denied, and allowed the Company full use of cash collateral to continue operations. The debtor maintained collateral value throughout the bankruptcy by shipping $1.1million to $1.4 million of products per month and by selling one of the operating divisions. The result of the Confirmed Plan allowed secured creditors to be paid in full with a small recovery for the unsecured creditors.

Chief Restructuring Officer

Mr. Fuquay served as Chief Restructuring Officer of a $ 6.0 MM manufacturing Company woven and molded brake linings used in draw works or rotary oil rigs and other industrial applications. The Company was guided through the bankruptcy process and had a Confirmed Plan in eight months. The assets were sold through a negotiated bid process approved by the bankruptcy court.

Chief Restructuring Officer

Mr. Fuquay served as Chief Restructuring Officer of a $ 10 MM manufacturing company of machined parts used by oilfield service companies in their down hole operations. Mr. Fuquay was appointed CRO after the Company had been in bankruptcy 60 days an assisted management in negotiations of the sale of the banks claim to an investor, which resulted in a Confirmed Plan in eight months. The assets were assumed by the investor who bought the secured lender’s claim for about 50 cents per dollar.

Chief Restructuring Officer

Mr. Fuquay was appointed Chief Restructuring Officer of an oilfield service company, which had a very valuable tool joint patent pending and a small machine shop operation. The Company was able to move through the process of filing to Confirmed Plan in 90 days. The patent pending and manufacturing facility were sold via Sec. 363 sale to the Stalking Horse bidder.