Case Studies
J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida
Read MoreAfter years of complicated, contentious trust-related litigation involving a family partnership and a large institutional trustee, the judge appointed J.S. Held as Receiver of the business. Assets included a large timber operation with over 40,000 acres of land.
As Receiver, we managed operations and cash flow of the 40,000+ acres of timberland for two years and retained a best-in-class agent to market the timberland for sale. The property sold for $172M in an all-cash transaction, exceeding the owner’s expectations by 50%. To close the sale, we navigated complicated titling issues resulting from the extensive historical litigation. We are currently managing the pending all-cash sale of additional real property for over $20M.
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.