Case Studies
J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida
Read MoreThe Pacific Northwest company’s bank did not renew its line of credit in early 2020, creating cash flow challenges. The company then suffered a precipitous decline in sales due to the Covid-19 pandemic. After failing to reach an out-of-court agreement with its lenders for principal deferrals, the company filed for Chapter 11.
As Financial Advisor to a bankrupt heavy construction equipment vendor, our experts collaborated with the company’s management and bankruptcy counsel to achieve a confirmed Plan of Reorganization under Chapter 11 in less than 6 months.
The company’s secured lender had lost confidence in its borrower’s financial projections and cash management. We worked diligently to regain the lender’s trust through realistic and defensible financial projections and reporting. This was key to the lender’s acceptance of the Plan of Reorganization. Our process included:
The confirmed Plan allows the business to continue selling equipment in the ordinary course, applying proceeds to pay down its equipment secured loans.
David Stapleton, CPA, CLPF
Senior Managing Director
Strategic Advisory Practice
+1 213 235 0601
[email protected]
> Bankruptcy Advisory
Navigating bankruptcy is inherently complex, often involving struggling businesses, litigation, incomplete or inaccurate financial records, potential fraud, and other challenges, in addition to strict court-mandated processes. Our experienced team of turnaround and restructuring experts seamlessly guides clients throughout the process to optimize outcomes for lenders, creditors, shareholders, and employees.
> 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.