CFCC

John Chapman To Host Enterprise Improvement Series

l2admin — Mon, 25 Jul 2011 12:34:59 +0000

We pleased to announce that John Chapman, who is a senior partner with the firm will also be hosting a quarter Enterprise Improvement Series starting October 1st. This series will be published on our Facebook page and will contain current issues and solutions as well as implementation strategies.

CFCC Partners launches new website

l2admin — Wed, 04 May 2011 06:27:14 +0000

We are proud to announce the release of our new website. By redesigning our main site, http://cfccpartners.com/, we have been able to improve navigation, connect visitors with Recent News and Case Studies, and provide an enhanced Contact page for companies needing assistance. Recent News and Case Studies will continue to be uploaded to the website over the next few months.

Downturn in economy, furniture sales led to filing

l2admin — Thu, 14 Apr 2011 15:23:37 +0000

May 19 (Reuters) – Barcalounger Corp, which began making reclining chairs in World War II,
has filed for bankruptcy protection and agreed to sell its assets, citing a sales downturn that
left it unable to survive.

In a filing in the Wilmington, Delaware, bankruptcy court, Chief Restructuring Officer John
Chapman said Barcalounger cannot generate enough profit to continue as a going concern
because of “the dire turn in national furniture sales due, in large part, to the global economic
downturn.”

According to the Chapter 11 filing, Barcalounger has between $1 million and $10 million of
assets, and between $10 million and $50 million of liabilities. One affiliate also filed for
protection from creditors.

Barcalounger said an affiliate of Los Angeles-based investment firm Hancock Park
Associates owns all its equity.

It said a Hancock affiliate, HPC3 Furniture Holdings, has agreed to bid $1.5 million for the
company’s assets under a “stalking horse agreement.”

If the bankruptcy court approves the sale, Hancock will be deemed to have waived a $32.44
million claim against the debtors, Barcalounger said.

Barcalounger began making recliners in 1940, according to its website, and has offices in
Martinsville, Virginia.

The case is In re: Barcalounger Corp et al, U.S. Bankruptcy Court, District of Delaware, No.
10-11637. (Reporting by Jonathan Stempel; Editing by Gary Hill)

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l2admin — Wed, 16 Feb 2011 06:30:04 +0000

CFCC Partners is a firm of senior business and consulting professionals that deliver a hands-on approach, specializing in improving corporate financial and operational performance, executing corporate turnarounds, leading cost effective transactional advisory assignments and providing corporate investigation, litigation, consulting and forensic accounting services in urgent, high-impact situations.

CFCC Partners is the proven leader among niche corporate advisory and restructuring firms. Our firm focuses on operational efficiencies and cost optimization opportunities that give us a clear competitive advantage that we pass on to our clients.