Young Conaway acted as co-counsel to the predecessor of SourceHOV. SourceHOV is one of the leading providers of information management solutions in the United States, with approximately 94 operating locations in 26 states. As of the bankruptcy filing date, the company employed approximately 5,278 people in the United States and Mexico and another 1,637 people worldwide through its non-debtor affiliates. Its highly leveraged capital structure, which required interest payments of approximately $20 million per year, began to generate serious liquidity issues for the company prior to its bankruptcy filing. The company confirmed its chapter 11 plan of reorganization in May, 2002.