A US group in Chapter 11 wished to exit its European operations, in the UK, France and Netherlands, and repatriate cash to the USA. BM&T advised on the optimum processes in each country and managed the orderly liquidation of assets in UK and Netherlands to generate cash for repatriation. BM&T also managed the sale process of the French company in a management buy-out, thus avoiding the very high French “Social Plan” lay-off costs in a closure that would have triggered European intercompany guarantees and reduced the funds available for repatriation from Europe.