MLG Northlake, Inc. f/k/a Mori Luggage & Gifts, Inc. (“MLG” or the “Assignor“) sold the majority of its assets on February 1, 2018. The proceeds from the sale were used to pay down a portion of its secured debt and all of its remaining assets were assigned to MLGNL Assignee, Inc. (“Assignee“) to be administered for the benefit of the creditors of MLG. The assets were assigned to the Assignee on April 10, 2018 pursuant to an Assignment for Benefit of Creditors (“ABC“) under Georgia law. S. Gregory Hays serves as the President of the Assignee and is in the process of liquidating the remaining assets that were assigned by the Assignor.
Engaged by this specialty dairy and processor to assist it with negotiations with its lenders and to work with the family management team to improve operations and restructure the company’s finances.
Plan Trustee | Hays Financial Consulting, LLC Chris Tierney (404) 442-2470 ctierney@haysconsulting.net |
Counsel to Trustee | MG Law Joe Kelly (615) 846-9019 jak@mglaw.net |