December 14, 2010 
Penguin 
A new product is launched to market and gobbled up by the major retailers in its first year depleting all cash for subsequent years.
Financing raw land?
We were able to find a lender who would finance a piece of raw land with no plans to build and no intension of developing the property, and it was a bank not a second rate lender.
HVAC company in successful liquidation
HVAC company in successful liquidation in Rochester NY. Bank paid in full & principals get guarantees back.
Dairy Stores, Inc. T/A Krausers
A very successful liquidation of 157 convenience stores throughout New Jersey by bank group led by Carteret Savings. Banks recouped $19 million vs an estimate of $3-4 million in forced sale value.
Sale of ambulatory transportation company
After a difficult few years with unpaid withholding taxes, a deal is struck with the IRS and a public company to sell the business and the principals put $800,000 in their pocket.
Timeshare developer needs assistance
Bank group led by Carteret Savings, restructures time share notes. Banks under pressure to liquidate timeshare notes.
Gray Iron Foundry
A successful business operated since 1913 by three generations, files for Chapter 11 protection.
Golf car leasing co.
Golf car leasing co. 10,400 golf cars all over the Northeast. Orderly liquidation of golf car company with 13 branches throughout the Northeast.
