Craftworks was the parent company to several well-known brands such as Logan’s Roadhouse, Old Chicago Pizza, Gordon Biersch and Rock Bottom Brewery, etc. This specific case was filed in Delaware and made national headlines as the Covid-19 pandemic forced the closure of all locations, as well as the termination of all but 20 of the Company’s 18,500 employees.

Located in Atlanta, GA, Drug Transport, Inc., was forced into bankruptcy after the discovery of fraudulent borrowing base reports. Specifically, the Debtor was not recording its cash receipts in a timely manner, which allowed it to artificially inflate its eligible collateral. In what was an interesting engagement, Mr. Smith replaced an existing CRO who had stopped the fraudulent reporting but had not notified the secured lender.

United Masonry of Virginia (“UMIV”) had operations in Washington DC, as well as Alexandria and Manassas, VA. Faced with mounting losses and increased pressure from its secured lender, Mr. Smith negotiated several forbearance agreements which allowed for the time necessary to shrink the size of the business, including the sale of select real estate assets and the closing of the ‘DC office, ultimately relocating to Alexandria, VA.