Bankruptcy Management Solutions Completes Restructuring Efforts to Increase Financial Stability and Position Company …

Friday, July 30, 2010

IRVINE, Calif.—-Bankruptcy Management Solutions, Inc., BMS Holdings, Inc. and their affiliates have reached an agreement on the material terms of a consensual debt-for-equity exchange with BMS lenders representing a majority of each of the Companys outstanding first lien and second lien bank debt and over 90% of the Companys Floating Rate Senior PIK Notes due 2012.

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Bankruptcy Management Solutions Completes Restructuring Efforts to Increase Financial Stability and Position Company …