EisnerAmper LLP To Provide Forensic Accounting Services And Serve As Financial Advisor For Chapter 11 Bankruptcy Cases
EisnerAmper LLP has been retained to provide professional services for two Chapter 11 bankruptcy cases.
The firm’s Bankruptcy and Restructuring practice has been selected to provide forensic accounting services to the Unsecured Creditors Committee in the GT Advanced Technologies Inc. (GT) case. EisnerAmper will work with Committee Counsel at law firm Kelly Drye Warren to maximize the return to General Unsecured Creditors in this case. The EisnerAmper Bankruptcy & Restructuring team will be led by Partners Allen Wilen and Anthony Calascibetta.
GT is a diversified technology company with innovative crystal growth equipment and solutions for the global solar, LED and electronics industries. The Company filed for protection under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court, District of New Hampshire (Manchester). Case Number 14-11916.
The firm has also been selected to serve as Financial Advisor by the Unsecured Creditors Committee in the Ultura Inc. case. EisnerAmper will work with Committee Counsel at law firms Sills Cummis & Gross P.C., and Potter Anderson & Corroon LLP to maximize the return to General Unsecured Creditors in this case. The EisnerAmper team will be led by Partners Allen Wilen and Edward Phillips.
Ultura Inc., a developer of water-treatment products, filed a Chapter 11 petition on Oct. 20 in Delaware to sell its membrane business to pre-bankruptcy lender UAC Finance Inc. in exchange for about $25 million of debt, absent a better bid at auction. The Case Number is 14-12382KG.