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DMG Case Study — Blindsgalore.com

 
Industry: Retail
Business Description: An online retailer of home window furnishings.
Business Problem: In May 2004, Diablo Management Group (DMG) was retained by the ownership of Blindsgalore to successfully manage the operations of the business with Chapter 11 US Bankruptcy Court supervision.
DMG Focus:

DMG assumed fiduciary responsibility of BlindsGalore.com and voluntarily filed for bankruptcy under Chapter 11. DMG managed the operational functions of the business, while simultaneously working to sell the company's assets. DMG was able to negotiate all key creditor settlements and gained approval of the asset sale by the bankruptcy court.

  1. Manage the general operations
  2. Conduct a sale of the business through an asset purchase
  3. Comply with all Chapter 11 Bankruptcy requirements
Results:
  • Manage the sale of assets
  • Negotiated key creditor settlements
  • Business was maintained as required under the terms of the asset sale agreement
  • Transaction was approved by the bankruptcy court
  • Case was converted to a Chapter 7 liquidation
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