CML Metals Inc.

Ampleo was appointed Receiver by Washington State Court to manage and oversee three medical clinics near Vancouver and Longview, Washington. Having become disabled, the owning dentist abandoned the practice, which led to the appointment of the receiver.

Ampleo hired interim doctors to treat patients, implemented a pay-for-performance plan among staff, sold non-productive assets, and restored the practice’s profitability. Ampleo worked closely with the secured lender and unsecured trade vendors on the recovery to keep the practices functioning, and the clinics were ultimately sold within seven months for greater than appraised value. Judge Hernandez congratulated the Receiver on a very efficient and pleasing outcome on its discharge.

Ampleo was the duly appointed receiver by the Oregon State Court to manage and oversee a potato farm and cattle operation in Merrill, Oregon (see case #17CV56444 in the Circuit Court of the State of Oregon, Klamath County). In addition to administering the real property, equipment, and inventory, the receiver conducted a review of the company’s books and records to establish whether fraudulent activities occurred and to determine what recoveries of fraudulent transfers might be available for distribution to creditors. After the sale of land, livestock, crop inventory, and the collection of other assets, the receiver disbursed funds pursuant to an order of the Court, and according to absolute priority rules.

Lalani Steel is a steel wholesale distributor located in Fontana, CA. Ampleo was hired by Lalani Steel on the advice of the secured lender to create and administer a loan recovery plan.

Working with management, a recovery plan was created and reviewed with stakeholders including the owners, secured lenders, trade vendors, employees, and other stakeholders. The recommended plan called for the liquidation of non-performing inventory and fixed assets. Ampleo oversaw the implementation of the recovery plan. The secured lenders were repaid in full, and the recovery plan was accomplished out-of-court, with the company continuing as a going concern.