Case Studies

Airtime and Network Systems

J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida

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The Situation

J.S Held serves as interim CFO and provides financial advisory services for a manager of network systems and successfully emerges the Company from bankruptcy protection. The Company was a $240 million wholesaler of airtime and manager of network systems for the telecommunication industry based in Colorado.

The Company had experienced a severe liquidity crisis and was unable to make scheduled payments to the telecommunication companies from whom it acquired minutes for resale. As a result, the Company’s wholesale division was effectively shut down and the Company was forced to seek Chapter 11 bankruptcy protection.

How We Advised

J.S. Held served as interim CFO and provided financial advisory services throughout the course of the Company’s bankruptcy proceeding. After 11 months, the Company’s Plan of reorganization was approved and the Company successfully emerged from bankruptcy protection.

Key Contact

Brian F. Gleason, CTP
Senior Managing Director
Strategic Advisory Practice
+1 610 659 8118
[email protected]

Related Practice Areas

> Bankruptcy Advisory
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