Case Study I

The Problem

After enduring several years of cash flow problems, a set design company had fallen behind in its tax payments, leading to serious personal liability for the owners.

The Work

After performing a very careful diagnostic of the client’s ability to be turned around, A.L. Piccolo & Co., Inc. drastically cut overheads, increased prices and entered the client into an offer and compromise arrangement with the IRS. In addition, all debts with creditors were renegotiated.

The Result

After one year, A.L. Piccolo & Co., Inc. arranged for the client’s merger into a larger set design company, resulting in greater financial enrichment for the owners.