Challenge

A leading provider of wireless messaging and information services throughout the United States, Canada and Puerto Rico filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code.  We were retained by the Company to provide various valuation services including liquidation values, deposition/testimony services and fair values for fresh start accounting in support of the reorganization and emergence from bankruptcy.

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Solution

Our professional staff utilized a multi-approach methodology to value the Company’s tangible and intangible assets (e.g., radio transmission equipment, messaging devices, real property, FCC licenses and accounts receivable).  We assisted the Company in developing the liquidation analysis for its disclosure statement in support of the plan of reorganization. Additionally, we developed fair values for the Company’s assets in support of fresh start accounting requirements set forth in AICPA Statement of Position (SOP) 90-7.

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