Receivership
LMI: Receivers appointed
August 20, 2019
Following an application by Midcap Funding, the Arizona Superior Court appoints MCA Financial Group as receiver of Phoenix-based LMI Solutions. The competitive North American market claims another casualty as LMI Solutions (LMI) entered receivership following an application by Midcap Funding (MCF), a specialty finance firm that provides senior debt solutions to companies across all industries. […]
CMB goes into receivership
April 26, 2018
French remanufacturer CMB has been placed into receivership, it has been announced. The company’s fate was decided by the Commercial Court of Saint-Etienne earlier this month. CMB, which was a founder member of the French aftermarket association France Cartouche Reemploi (FCR), has been given two months for the declarations of receivables to be filed, and […]
