Ortem Krow aka Work Metro

San Jose, California
2008: This Company was a market leader in the local online recruitment market place. Through job sites, job fairs and technology along with a strong advertising presence, they connected local employers with job seekers. The assets were sold prior to the Assignment for the Benefit of Creditors with numerous liabilities assumed by the buyer. The Assignee monitored the closing provisions that allowed for funds to become available to general unsecured creditors due to the subordination of secured debt. General unsecured creditors were paid in full.