J.S. Held Acquires GLI Advisors, Strengthening Our Construction Project Support Services in the Western US and Hawaii
Read MoreFederal and state courts, creditors, and legal counsel choose our team to serve as Receiver of distressed businesses and real estate entities. We stabilize operations and cash flow, safeguard business assets, and pursue methods to maximize financial recovery.
Our multidisciplinary team applies a wide breadth of restructuring and industry experience as Receiver to take control of companies facing financial, operational, and legal issues. We right-size operations, monetize assets, navigate disputes, and increase value and overall cash recovery for creditors and other stakeholders.
Our full-service team of receivers, financial advisors, accountants, real estate experts, investment bankers, and turnaround professionals apply extensive organizational leadership and financial, accounting, operational, transactional, and fraud examination expertise to adeptly manage the troubled business and/or asset while simultaneously orchestrating its sale as a going-concern, refinancing, or liquidation. Throughout the process, we proactively communicate with the company’s lenders, key customers, employees, suppliers, shareholders, and other stakeholders, resolving impasses as needed.
Receivership is a viable alternative for distressed companies with potential going-concern values greater than their liquidation values, as well as situations where there is a likelihood of squandering corporate assets or fraud. We often exceed client expectations by strategically improving the borrower’s operations, thereby increasing business value and the overall cash recovery for lenders and other stakeholders.
As a Receiver or advisor, we create synergies for lenders, investors, and owners by working with the business’s key customers, employees, suppliers, shareholders, and other stakeholders to preserve assets, relationships, and other drivers of business value; manage constituency relationships and communications; and orchestrate asset and going-concern sales.
We frequently serve as Receiver in instances of corporate fraud, embezzlement, lapping, Ponzi and pyramid schemes, asset theft, and other malfeasance, as well as corporate deadlock situations. Our experts are involved in the reconstruction and reconciliation of accounting records; assist with evidence discovery, collection, preservation, and analysis; and provide expertise in hidden or misappropriated asset recoveries.
Receivership can often be the best restructuring method to optimize capital recovery for distressed real estate-intensive businesses and capital projects. Our comprehensive solution leverages deep financial, operational, turnaround, construction, and environmental expertise and experience for the benefit of real estate lenders, creditors, and shareholders.
Our seasoned team applies deep experience closing real estate sales transactions and leading title and escrow teams through court-approved receivership processes. We manage the real estate assets to optimize capital recovery, resolving disputes, regulatory challenges, completion of construction, and other impediments to a sale or financial restructuring.
Real estate-intensive industries including agribusiness, healthcare, residential developments, office and retail properties, and hospitality, create unique challenges and opportunities for their lenders and shareholders. As Receiver, our experts quickly establish a strategic plan to optimize asset value, which may include stabilizing and managing operations of income producing properties to optimize cash flow; forensic accounting; repositioning underutilized assets; managing completion of construction and deferred maintenance; leasing and tenant relations; and resolving regulatory and environmental issues, titling issues, and other impediments to a sale or financial restructuring.
Our team optimizes outcomes for the receivership estate by refinancing the business or marketing the assets for sale.
When the Securities and Exchange Commission (SEC), Federal Trade Commission (FTC), or Consumer Financial Protection Bureau (CFPB) suspects fraud or other misconduct at a company, judges appoint a qualified Receiver to design and implement a recovery plan for investors and creditors.
Once appointed Receiver, we diligently seek to achieve restitution for the victims of the subject company by taking control of operations and assets, conducting forensic accounting to trace cash flows, and reviewing and managing outstanding litigation to discern the source of the company’s problems. We often discover Ponzi schemes, extensive fraud, extreme mismanagement, and deficient financial record keeping.
We assess the potential capital recovery under various scenarios then implement a strategic plan for the benefit of the victimized investors and creditors. Throughout the process, we communicate with federal and state agencies, investors, and creditors to keep them informed, manage litigation, and deliver required reporting
Our experts apply specialized experience to serve as Receiver of companies in the cannabis industry, including dispensaries, cultivations, and commercial kitchens. We combine deep knowledge of the industry’s dynamic business and technical complexities with extensive restructuring skills and experience managing intricate regulatory relationships to optimize the ultimate recovery for distressed companies and their stakeholders.
Our team’s substantial financial, accounting, and operational expertise enables us to quickly identify critical methods to increase a business’s cash flow, ensure operating efficiencies, and, if appropriate, maximize ultimate recoveries. We seek to optimize each clients' success by assessing the full spectrum of financial, operational, and transactional risks and opportunities.
Click the link below to view current and past engagements where our experts have been appointed as Receiver.
When serving as Receivers for distressed businesses, we leverage the collective skills of our in-house experts — ranging from financial restructuring professionals to forensic accountants, valuation analysts, digital investigations experts, and former c-suite executives. Our multidisciplinary experts navigate complex challenges with confidence to deliver comprehensive, strategic support across all facets of recovery and restructuring. Our team includes:
We serve as Receivers across a wide range of industries, bringing tailored solutions to complex challenges in both private and public sectors. Our clients range from financial institutions and government agencies to manufacturers, healthcare providers, and technology firms. Our broad experience enables us to navigate sector-specific dynamics and deliver effective outcomes in even the most distressed business environments, spanning industries including:
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Receivership Engagements
$100M Insolvent Co-Packing Company Receivership
$200M+ Walnut Farm & Processor Receivership
Receivership of Insolvent Pistachio Processor to Sell Business and Real Estate Assets
Receivership & Recovery in Real Estate Fraud Case
Seafood Processor & Distributor Receivership
Receivership of Machinery & Equipment Vendor / Auctioneer
Receiver & Bankruptcy Monitor of Five Urgent Care Clinics
