Michael Cronin Email & Phone Number

United States

San Jose, California, US

Manage orderly wind-downs, liquidations, formal and informal dissolutions.Serve as Assignee in Assignments for the Benefit of Creditors (ABCs)

Bethesda, Maryland, US

Vienna, VA, US

Ravix Group project. Orderly wind-down and liquidation.

Ravix Group project, managing the company's orderly wind-down.

Redwood City, CA, US

Louisville, Colorado, US

Ravix Group project.

Redwood City, California, US

Project through Ravix Group, managing the orderly wind-down of company following sale of its assets.

San Francisco, California, US

Ravix Group project, managing the company's orderly wind-down and liquidation.

Larkspur, California, US

Ravix Group project, managing the Intellectual Property sales, orderly wind-down, and liquidation of the company.

Ravix Group project.

A Ravix Group project. Managing the orderly wind down and liquidation of Inxent, Inc.

Malvern, Pennsylvania, US

Ravix Group project. Managed Teachscape's orderly wind-down and liquidation.

• Project: Diablo Management Group. The Thomas Kinkade Company oversaw the reproduction and sale of photolithographs, collectibles, and decorative accessories inspired by the works of Kinkade. As Plan Agent.
• A similar Escrow Agent role was performed for Urban Media, Inc., managing the receipts and disbursements of a 3-year, 6-party, $10M escrow account.

US

• Assume project-based leadership roles, specializing in hands-on management of distressed companies valued between $3M and $2B. Clients typically consist of venture-backed technology businesses in a cross-section of.
• Directed or participated in 35 turnaround and workout projects for clients within a wide-range of industries, including software, manufacturing, medical devices, semi-conductor, data warehousing, entertainment.
• Developed, won approval for and implemented solutions involving budgeting, cash flow management, debt restructuring, intellectual property sales, human resources, asset disposition, critical vendor issues and.
• Directed or participated in the evaluation, marketing and sale of intellectual property, including patents, software and other assets with an aggregate book value exceeding $500 million.
• Skillfully advised and worked with management on operational, restructuring and insolvency issues.
• Evaluated often conflicting interests, claims, and security positions related to lenders, government, employees and vendors. Handled negotiations, litigation support and settlements resulting from claims.

US

• Novafora was a $12 million privately-held fabless semiconductor company specializing in Video Processing. Company was unable to raise additional capital and was in default on its debt obligations.- Retained as Assignee.
• Similar Assignee roles were held for the ABCs of Oakville Grocery Company, Inc. and Webware, Inc.

CLI was in the business of originating, brokering, servicing and selling residential mortgages.Responsibilities included:- Managing bank relations and seven debtor-in-possession accounts, - Authorizing and executing all payments made by the estate, - Tracking all receipts and disbursements data in QuickBooks, - Preparing of all Monthly Operating Reports.

Houston, Texas, US

• A privately-held developer of data analysis and visualization solutions for technical and scientific communities.Functioned as Cash Manager for the struggling software company:
• Responsible for monitoring daily receipts and making payment decisions,
• Creditor negotiations, establishing 60 payment plans
• Prepared corporate budgets and helped determine all disbursement decisions for the cash-strapped entity.
• Served as liaison between the company and the IRS, structuring and administering a $200K repayment plan.
• Communicated cash decisions to various corporate departments.

• Design and implementation of business information systemsProject highlights:
• Budgeting system for British Columbia Gas, BC, Canada
• Accounts Receivable Systems for Univar – Seattle, WA

Oakland, CA, US