Solid opco, say around ~$1M EBITDA, fits a lot of the target criteria. Business fell into bankruptcy to cover legal costs due to clerical violations of its employees where the violations were not related to their business operations.

Would any SBA lenders go for such a transaction if the cash flow is real or would they just keep away from the stink of chapter 11?

Wasn't trying to be a distressed buyer when I joined the platform, but trying to keep an open mind if the price is right!