Maxxis Group, Inc. and related affiliates were involved in the network sales and marketing of nutritional products and communications services. Mr. Hays serves as the Trustee and Hays serves as the Accountants to the Trustee.

The case was closed in April 2013.

Hays was appointed as Chief Executive Officer and Liquidating Director in June 2006 for this manufacturer of cordage products with revenues of over $50 million. Pursuant to the confirmed plan, Hays was appointed as the Liquidating Agent. Under the Plan, certain causes of action are being pursued and recoveries will fund a distribution to creditors.

As of March 15, 2010, all of the assets have been liquidated, and the Receiver team is collecting on the remaining receivables. The Receiver anticipates closing the case in 2010.

The EPI Companies was one of the largest commercial printers in the Southeast and at one time had over 300 employees. After losing its largest customer, Home Depot Expo, the company could no longer sustain operations.

On April 15, 2009, The EPI Companies began an orderly wind-down of their business shut down operations. All customers, vendors and creditors were notified by letters mailed on April 15th and only in-process orders were completed.

On April 30, 2009, SunTrust Bank (SunTrust) filed a complaint seeking the appointment of a receiver to wind down, liquidate, and sell the businesses owned and controlled The EPI Companies, LLC, Executive Printing, Inc. (EPI), the EPI Companies “Marietta (EPI Marietta) and the EPI Companies“ Real Estate, LLC (EPI Real Estate). By Order entered on May 1, 2009 in Cobb County, Hays Financial Consulting, LLC was appointed as the Receiver. A copy of SunTrust’s complaint and the Order Appointing Receiver is included under the Case & Claims Documents tab.

On May 1, 2009, five creditors in the Dalton area filed an involuntary bankruptcy petition against one of the entities, the EPI-Companies-Marietta, LLC, Case number 09-71188.

On May 28, 2009, the involuntary bankruptcy petition was dismissed by the judge.

As of November 2010, the Receiver has been discharged of his duties and the Receivership Estate has been closed.

Hays Assignee Services, LLC, serves as the Assignee under an Assignment for Benefit of Creditors for this software company. Hays is currently managing the winddown and collecting the earnout from the sale of the company.

Current Status:
The Assignee has not collected any distributions pursuant to the sale agreement and the Purchaser does not have any current plan to use the technology. Therefore, a distribution to creditors currently appears unlikely.