Case Studies
J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida
Read MoreAs the court-appointed receiver of a failing $100M co-packing company operating multiple facilities across the US, with $34M in senior secured debt and a negligible forced liquidation value, our team recovered $27.5M through a going-concern asset sale. The company lost a key customer during a period of increased competition and rising labor and overhead costs, resulting in a significant decline in cash flow, loan covenant defaults, and related litigation.
After failed attempts to sell the business and being unable to secure financing to pursue a Chapter 11 Bankruptcy, the company’s senior secured lender petitioned the court to appoint our team as receiver to preserve collateral, negotiate with key vendors, preserve cash flow for imminent expenses, and sell the business. Our successful recovery was achieved 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.
> 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.
