Self-Liquidation vs. Sale: The Fallacy of Net Gain
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Self-Liquidation vs. Sale: The Fallacy of Net Gain
By Stacey J. Schacter, CEO, VION Investments
Distressed investors may see value in individual assets held by a distressed company or pledged to its lender, rather than in the company as a whole. These investors see opportunity in these assets, but realize significant risk in acquiring them. To assume this risk, they seek a certain level of...
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Stacey J. Schacter is the founder and CEO of VION Investments, which manages the acquisition and collection of performing and nonperforming consumer and commercial receivables. Since 1990, he has focused on receivable buying, servicing, and collections in the financial services industry, serving as president and CEO of Briannaco Investments; president of OSI Portfolio Services; president, CEO, and chief legal officer of EMCC Inc.; and attorney and advisor to several debt and receivable purchasing firms. Schacter was a practicing attorney from 1988 to 1999.
