If your company is in liquidation or trying to emerge from a Chapter Eleven filing, RAI will buy your accounts receivable, creating liquidity to the estate. Liquidation of your consumer receivables is also an effective tool if you are planning to discontinue an in-house credit card program.  By selling your receivables to RAI, you cash out and can eliminate your in-house staff that would otherwise be demoralized during the liquidation process.

Benefits:

Receivables, like inventory, are an asset that can be quickly converted to cash.

The RAI Edge:

RAI wants you to succeed in your reorganization and our unique expertise allows us to do a quick due diligence and make fast payments for your receivables.

The faster you can liquidate receivables, the faster you can get back on track.

For Instance:

When the Bonwit Teller stores went bankrupt, Pyramid Corporation was interested in acquiring the company. RAI was prepared to buy Bonwit's private label credit card receivables. The due diligence was accomplished in less than a week. When the landlords refused to assign the leases, the Pyramid deal collapsed.

That night, RAI was contacted by the crisis manager about liquidating the receivables. The transaction was agreed to that evening and approved by the court in two days later. RAI acquired and liquidated over $20 million of receivables and provided an ongoing credit card program for the remaining Bonwit Teller stores.

"When it was zero-hour Bonwit Teller/Hooker went bankrupt. RAI came in and, literally, saved the day. They know how to think out of the box and move fast. They provided $17 million over night. They're thorough, and most important, they produce."
- Murray Daitchman, Bonwit Teller stores

Can RAI help your business? To define your needs, please click here.