Case Studies
J.S. Held Acquires GLI Advisors, Strengthening Our Construction Project Support Services in the Western US and Hawaii
Read MoreA $75 million dairy business operating multiple farms with approximately 20,000 head of cattle had dragged its bank through a long Chapter 11 Bankruptcy as it attempted to reorganize. The business had failed to liquidate assets pursuant to the Bankruptcy Court’s ruling. The bank eventually moved for relief from stay to appoint a receiver to take control of the operations and complete a liquidation.
The bank appointed our experts as receivers to bring a close to the bankruptcy.
Achieved a 100% payoff for the bank through the successful receivership of a large dairy business. Our experts served as interim CEO/CFO of the dairy operation while simultaneously selling its farms, animals, and transport assets in a timely manner. The complex process involved significant coordination between stock yards, auction yards, ranch hands, long-haul trucking, buyers, brokers, defendant’s accounting team, dairy cooperatives, veterinarians, and feed suppliers.
Obstacles & Our Solutions
David Stapleton, CPA, CLPF
Senior Managing Director
Strategic Advisory Practice
+1 213 235 0601
[email protected]
> Receiverships
Federal 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.
> Solutions for Distressed Situations
We deliver integrated solutions for distressed and insolvent businesses that maximize recovery, mitigate risk, and restore enterprise value. Our experts are retained to help distressed organizations stabilize operations, protect stakeholder interests, and execute turnaround strategies. We take an operationally-focused approach that looks beyond the balance sheet to minimize further degradation and build a path to sustainable growth.