Brown & Joseph?s Bankruptcy Division Retained on Republic Windows & Doors Case

The Bankruptcy Services Group of Brown & Joseph has most recently been retained to pursue preference actions along with accounts receivable in the Republic Windows & Doors case, which was filed in the Northern District of Illinois Bankruptcy Court.

This case was highly publicized in the media as the sudden plant closing was all part of a months long plot by the head of Republic Windows to loot the business, steal key manufacturing equipment and set up a new operation in Iowa. 

Prosecutors laid out their case in an unusually detailed 56-page filing. Gillman and two other undisclosed executives abandoned Republic Windows’ crushing debt, stole its assets and secretly trucked the equipment from the plant to the new operation in Red Oak, Iowa, the charges alleged. But that operation failed, too, just a month and a half after it started, leaving hundreds of employees from both Chicago and Iowa out of work and devastated. All told, Gillman and the others defrauded company creditors who were owed at least $10 million and stole more than $200,000 cash from Republic Windows, prosecutors alleged.

Brown & Joseph, LTD is a full service accounts receivable firm. Brown & Joseph’s services include bankruptcy services, credit risk, litigation, portfolio acquisition, receivables outsourcing and third party collections.

If you would like additional information or have questions, please contact Allison Sima at 888-829-9997 ext. 209 or e-mail asima@brownandjoseph.com.  Brown & Joseph: Innovative Credit to Cash Solutions.