Case Studies
J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida
Read MoreA bankrupt automobile dealership in Northern California had defaulted on its floorplan loan, causing its bank to commence a collection action. A convoluted process of receivership and bankruptcy filings ensued, during which time the assets (new vehicles) continued to depreciate.
The court appointed our team as receiver to take possession and monetize the borrower’s personal property assets for the best possible recovery for the secured lender. Once the company converted to chapter 7 bankruptcy and ceased operations, our team quickly facilitated a liquidation.
After taking possession of the auto dealership as receiver, our experts quickly recovered 70% of the bank’s outstanding balance by:
Obstacles & Our Solutions
> 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.
> Bankruptcy Advisory
Navigating bankruptcy is inherently complex, often involving struggling businesses, litigation, incomplete or inaccurate financial records, potential fraud, and other challenges, in addition to strict court-mandated processes. Our experienced team of turnaround and restructuring experts seamlessly guides clients throughout the process to optimize outcomes for lenders, creditors, shareholders, and employees.
