Efficient Cross-Border Asset Liquidation for a Bankruptcy Trustee

Client: A North American-based Bankruptcy Trustee overseeing the liquidation of a international trading company.
Challenge: The bankrupt company held tangible assets (inventory, office equipment) located in a warehouses in France. The Trustee needed to legally secure, value, and sell these assets efficiently to maximize returns for creditors, while navigating the distinct bankruptcy and property laws.
Osif & Partners' Solution: We took charge of coordinating the cross-border legal aspects. We engaged appropriate legal counsel and licensed valuers/auctioneers from our network in France. Osif & Partners managed the legal processes for securing the assets, supervised the valuation and sale process according to local regulations, ensured compliance, and facilitated the secure repatriation of funds to the Trustee, handling all communications between the parties involved.
Outcome: The assets in both jurisdictions were successfully liquidated within the Trustee's desired timeframe, achieving market-competitive prices. The Trustee praised the streamlined process and clear communication managed by Osif & Partners, which minimized complexities and allowed them to focus on other aspects of the bankruptcy administration.