Case Studies
J.S. Held Strengthens Forensic Accounting Expertise for Marital and Commercial Disputes with Acquisition of Forensic Accountants & Consultants
Read MoreThe properties supported a church and a nonprofit organization serving people experiencing food insecurity, homelessness, and housing instability in Minneapolis. After the secured debt defaulted, foreclosure proceedings commenced. The court appointed our team as receiver to take possession and assume control of the properties and, with court authorization, market and sell the assets.
Our team secured and managed both properties, preserved their physical condition, fulfilled operating obligations, and conducted a competitive, court-supervised sale process. The commercial property was successfully sold, and the transaction closed. The incumbent lender submitted a credit bid on the church property and subsequently leased it back to the church and the nonprofit organization. Following the completion of these transactions, our team was discharged as successor receiver.
> 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.
