Cordes and Company determined that the best course of action would be to immediately close down the business due to the fact of the debt to Great Western Bank of around $3.8 million on a real estate loan and about $500k on a RLOC. Immediate closure of the business would preserve the assets and minimize the carrying costs going forward until such time that the assets could be liquidated. The decision was communicated to all parties and operations were ceased and the liquidation process began.