Banco Latino International

Banco Latino International

 

KM was engaged as accountants and financial consultants to the Official Committee of Unsecured Creditors of this $200 million Edge Act Bank operating in Miami.  We provided financial analysis, including liquidation analyses under various alternatives, to the Committee to fulfill its fiduciary role of overseer for over 6,000 unsecured creditors.  We acted as financial consultants and provided complex tax analyses, advice, and consultation to conform the Plan of Reorganization, Disclosure Statement and the Liquidating Trust with Internal Revenue procedures and guidelines.  The case was hotly contested between competing interests and was confirmed with a 100% return to depositors.