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Chapter 11 financing and reorganization - Mina Mar Group


When you start your business you are so concentrated on growing and expending your business that you forget to consider the downsides of business cycles. Business cycles are sequences of economic activity that is characterized by four phases: recession, recovery, growth and decline that repeat themselves.Decline or downturn makes the end of growth period in the business cycle. It is characterized by decreased levels of consumer and reduced production. Maybe you missed to devise downturn business cycle management strategy and found yourself trapped in a situation where your creditors are hounding. 

Toxic financing can demolish your life's work and erode your shareholder value. It happens when financier can convert preferred shares and convertible stock into common stock that they sell on the market in order to be repaid and earn a profit on investment. The formula for the conversion is structured so that there is no downside limit on the price received for converted shares. If you are in such situation contact us first. We offer a unique chapter 11 reorganization type financing  which is secured by your company preferred shares. We take not common shares like toxic financiers who are devouring your company. Our program allows you to restructure your company and attain financial health without the need for further financial support and to shed old baggage and profiteers that targeted your business. 

Chapter 11 gives you benefit of fresh start but our services are limited only to publicly traded companies. it is a from of bankruptcy where you can reorganize your business operations, assets and debts through fulfillment of his obligations stated in restructuring plan. Chapter 11 is most complex and expensive of all bankruptcy cases so it is advised that company consider chapter 11 after careful analysis and exploration of all alternatives. 

"In January 2019, Gymboree Group Inc, a popular children's clothing store, announced that it had filed for Chapter 11, and was closing all of its Gymboree, Gymboree Outlet and Crazy 8 stores in Canada and the United States. According a press release by Gymboree, the company stated it received a commitment for a debtor in possession in the form of financing ($30 million in new money loans) provided by SSIG and Goldman Sachs Specialty Lending Holdings, Inc. and a "roll up" of all of Gymboree's obligations under the "prepetition Term Loan Credit Agreement." The company stated that if the court approved of this financing plan, the funds would support the company during the Chapter 11 process. CEO Shaz Kahng stated that the company is "continuing to pursue a going-concern sale of its Janie and Jack® business and a sale of the intellectual property and online platform for Gymboree®." This is the second time in two years that the Gymboree Group Inc. has filed for bankruptcy. The first time occurred in 2017, but at that time, the company was able to successfully reorganize and significantly lower its debts."
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Location: West Palm Beach, FL, USA

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