General Motors
Frank's Nursery & Craft's
key clients & roles
During the General Motors bankruptcy in 2009, I led a team of six AlixPartners’ consultants that worked with the General Motors’ Treasury department to create their first-ever global 13-week cashflow forecast that was required by the U.S. Treasury in order to receive their $13 billion of pre-filing funding in February and March 2009. My team also assisted in the negotiations of the over $59 billion in DIP financing from the U.S. and Canadian governments and took part in the creation and presentation of the cash flow forecast that was the basis for the DIP financing.
Between November 2006 and June 2008, I was the Acting Treasurer for Dura Automotive, a $1.5 billion publicly-traded automotive supplier located in Auburn Hills, MI. I kept the company operating during a 18 month bankruptcy that included one failed attempt to exit in December 2007 when the Goldman Sachs and Barclays teams could not procure adequate exit financing. The company emerged in June 2008 obtaining financing from five separate sources (factoring in Germany, factoring in France, U.K. based term loan, U.S. based term loan and a U.S. based revolver.
Interim TReasurer
Global Controller
Interim CFO
Enron v CSFB
expert report
After 10 years as a consultant with AlixPartners, one of the largest restructuring and turnaround firms worldwide, I took over as Global Controller from September 2009 through July 2015. I supervised a staff of over 30 employees that handled the accounting, billing and payables functions for the firm. In addition, I designed the databases to allow the firm to start measuring profitability of individual client engagements and practice areas.
In 2002, worked as the bankruptcy consultant for Frank’s Nursery & Crafts, a publicly traded $600 million retail chain with stores throughout the East Coast and Midwest and then took over as Interim CFO when the CFO resigned. The company exited bankruptcy in 2002, but ultimately shut its doors a few years later after being unable to reverse the sales erosion from the big box retailers like Home Depot and Lower’s.
Bankruptcy consultant
Dura Automotive
Hechingers v CSFB
Great Lakes Comnet and Comlink
Two years prior to the Enron case, I was one of two primary writers for the expert witness report prepared by AlixPartners in a lawsuit brought by the shareholders of the combined Builders Square, HQ and Hechingers entity against CSFB.
Gordon A. Schreur
CPA. MBA.
Email: Gordon@SchreurCPA.Com
Cell Phone: 248.797.5895
Was one of two primary writers for the expert witness report prepared by AlixPartners in the case of Enron v Credit Suisse First Boston (“CSFB”). Three competing banks settled with Enron and paid a combined $6.5 billion in settlement. CSFB, bolstered in its belief in our expert report, went to trial and won a summary judgement dismissing the lawsuit.
Great Lakes Comnet and Comlink were a $50 million telecommunications company in East Lansing, MI. They hired me as Interim CFO in September 2015 as new management realized they were burning over $1.2 million of cash a month. I helped the company assess their financial prospects, analyze options, file for bankruptcy protection and sell the majority of its assets as an on-going operation preserving employment for most employees. During the first eight months as Interim CFO, operations improved from negative $(280,000) of EBITDA a month to a positive $500,000 a month.
AlixPartners