Litigation Practice Group
Financial advisor to the official committee of unsecured creditors
The Litigation Practice Group (LPG) was a firm that specialized in providing debt services across the United States. Operating in 48 states, the company offered a range of services aimed at helping consumers manage and resolve their debt-related issues
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Force 10 was the financial advisor to the Official Committee of Unsecured Creditors of this firm that had been accused of running a fraudulent business that dealt with consumers debt resolution. We took the lead in preparing the disclosure statement projections and monitoring the buyer's accounting and operations on behalf of the estate. The Chapter 11 bankruptcy plan was confirmed in September 2024, and Force 10 remains involved in the post-effective date activities.
Force 10 served as the financial advisor to the Official Committee of Unsecured Creditors in the Chapter 11 case of Litigation Practice Group (LPG), a firm accused of fraudulent practices in consumer debt resolution. The firm, which claimed to assist clients with collections harassment, FDCPA violations, and bankruptcy, faced over $400 million in claims from consumers, lenders, vendors, and others affected by its operations. Force 10 played a pivotal role in preparing disclosure statement projections and overseeing the buyer’s accounting and operations to ensure compliance and transparency on behalf of the estate. Following the confirmation of the Chapter 11 plan in September 2024, Force 10 remains actively involved, assisting the trustee of the Liquidation Trust in recovering assets to maximize creditor recoveries.
