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Farming operation, Esperance WA
- Estimated Savings: $1,500,000
- Total Cost: 10% of savings
- Case Type:Bank Foreclosure
This client's bank became nervous as a result of a new capital venture partner of the business, who became insolvent and was placed into liquidation. While there was no culpability on the part of the farmer/land-owner, the bank nonetheless called in the loan.
During the restructure, various assets and income streams, not legally associated with the original venture, were separated out and transferred to new entities. This allowed the farming operation to use leased land, more suitable for the venture. The restricting process also resulted in maintaining key staff, as well as employing new staff. Key suppliers and customers were identified and engaged.