Served as the Liquidating Trustee for Chapter 11 bankruptcy of Pappas Liquidating Trust (District of Delaware; Case No. 08-10949-PJW), consisting of multiple broadcast television stations including ABC, FOX and CW networks.
Achieve a recovery for creditors.
Provided financial analyses, cash flow management, and liquidation analyses. Managed and operated stations as a going concern, negotiated agreements with cable companies, reviewed and negotiated syndicated program purchases and sold various broadcast properties. Lead wind-down of businesses.