Case Studies
J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida
Read MoreThe oil and gas company had been severely mismanaged and neglected, owed money to numerous vendors who were threatening to lien revenues, and suffered from substantial deferred maintenance and substandard capital improvements. It carried numerous liabilities and threats by unpaid vendors to lien the company’s oil production revenues, eliminating its equity value.
The SEC nominated and the US District Court appointed our experts as Federal Regulatory Receiver to take possession of the business, discover the sources of its operational issues, devise a strategy to monetize the receivership estate’s assets and achieve the best possible recovery for the creditors.
The Securities & Exchange Commission (SEC) filed a complaint against an entity that allegedly had fraudulently offered securities in an entity owning an oil and gas drilling and production company, and subsequently issued deeds of trust in the oil interests to dissolve the operation. J.S. Held, as receiver, completed a successful turnaround, transforming the insolvent business to cash flow positive through capital improvements, operational improvements and creditor negotiations. Our experts then prepared the business for sale as a going concern, salvaging a return of capital to the defrauded investors.
Obstacles & Our Solutions
David Stapleton, CPA, CLPF
Senior Managing Director
Strategic Advisory Practice
+1 213 235 0601
[email protected]
> 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.
> 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.