Case Study: a U.S.-based used car dealership and financing group navigates Chapter 7 bankruptcy with BDO

a U.S.-based used car dealership and financing group files Chapter 7 in 5 months with BDO

The U.S.-based used car dealership and financing group was facing working capital and liquidity issues, requiring a path to Chapter 7 bankruptcy. They needed an experienced guide to manage operations during the wind-down and service securitized auto loans. The vendor BDO provided Turnaround and Restructuring Services to address this challenge.

BDO's specialists stepped in, taking on a CFO role to ensure timely reporting and work with new management to improve profitability. Their solution focused on preserving operational stability while navigating the bankruptcy process. The measurable results included servicing several thousand auto loans, transitioning 39 retail locations to a close, and reaching the Chapter 7 filing within five months of BDO's engagement.