Case Studies
J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida
Read MoreAs Assignee in the Assignment for the Benefit of Creditors (“ABC”) for a chain of 11 shuttered, insolvent medical clinics, our experts achieved a $5M recovery for unsecured creditors and eliminated approximately $5M in lease obligations.
Our team optimized the recovery for all creditors and avoided additional liabilities.
Our experts sold assets to various buyers and negotiated with landlords to avoid approximately $5M in future lease obligations. We initiated litigation resulting in $5M settlement for unsecured creditors, as well as managed the claims process and creditor communications.
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.
> 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.