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Family-Owned Meat Processor Escapes ‘Inevitable’ Bankruptcy

By Lance Miller, CTP, Managing Partner, KLB Partners

A third-generation, $20 million meat processing company was struggling in mid-2012. It had virtually no liquidity and was overleveraged, cash-flow negative, and in default with its senior lender. By any stretch of the imagination, it looked like bankruptcy was inevitable.

Yet the company...


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About The Author
Lance Miller, CTP

Lance Miller is a Certified Turnaround Professional (CTP) who has more than 20 years of experience as financial advisor, CRO, and investment banker. He heads his own firm, KLB Partners LLC and can be reached at lmiller@klbpartners.com.

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Family-Owned Meat Processor Escapes ‘Inevitable’ Bankruptcy
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