Case Studies
J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida
Read MoreAfter multiple years of mismanagement and poor A/R collections, a cabinet manufacturer and carpentry contractor was illiquid and headed toward a Chapter 7 liquidation.
The company’s attorney recommended hiring our experts to assess alternatives. We determined that an Assignment for the Benefit of Creditors (ABC) would yield the best outcome for all parties involved.
In an ABC, our team achieved a recovery 3-4x greater than could have been accomplished in a Chapter 7, saved jobs, and ensured customers’ projects were completed by:
Other problems and solutions provided by our experts include:
David Stapleton, CPA, CLPF
Senior Managing Director
Strategic Advisory Practice
+1 213 235 0601
[email protected]
> Assignment for the Benefit of Creditors (ABC)
As Assignees, our financial and operational experts leverage extensive restructuring experience to liquidate assets and quickly maximize proceeds for creditors while mitigating liability and preserving jobs. Our team serves as the distressed business’s de facto CEO and CFO, taking control of operations; managing creditors, employees, and litigation; preparing for and executing the sale of business assets; and distributing proceeds to creditors pursuant to priority.
> Chief Restructuring Officer (CRO) and Interim Management Services
Our experienced C-suite interim executives advise and support companies in financial distress, experiencing hypergrowth, or that are challenged by critical vacancies among senior leadership. Whether the leadership void results from operating challenges, a recent officer resignation, the need for added support during busy periods, or during an extended job search for the right permanent hire, our experienced executives provide immediate relief and value.