Peninsula Mortgage Bankers Corp.
In this Chapter 11 bankruptcy proceeding of a subprime mortgage lender and servicer also involved in real estate development, Barry E. Mukamal was retained as the Financial Advisor to the Debtor with functions including detailed reconstruction of the Debtor’s loan portfolio to effect a sale, forensic analysis of the Debtor’s cash transactions resulting in the identification of significant avoidable transfers consisting of common stock redemptions, dividend payouts, and direct and indirect payments to insiders and affiliates. The assignment also involved financial analysis of numerous real estate holdings through joint ventures and other investment vehicles, tax compliance involving foreign residents, and preparation of monthly operating reports for the Court.
