Case Studies
J.S. Held Acquires Clark Seif Clark, Strengthening West Coast Capabilities for Environmental Claims, Disputes, and Catastrophe Response
Read MoreOver the course of 30 years, multiple generations of families had invested approximately $35 million in an entrepreneur’s real estate empire in exchange for promissory notes paying interest at about 8% per annum. After the 2008 real estate market crash, the debtor could not afford 8% interest and reduced it to approximately 2% before ceasing payments altogether. The properties in his portfolio were encumbered by millions of dollars in secured debt, but not over-leveraged. The borrower had misappropriated approximately $15 million of investors’ capital to patent, manufacture, and commercialize personal inventions.
Serving as debtor-in-possession in a confirmed Chapter 11 bankruptcy, the entrepreneur failed to sell assets to pay creditors and continued investing in personal inventions. After 12 to 24 months, the creditors’ committee petitioned the court for a plan administrator, and our team was appointed.
As Plan Administrator of the $75 million liquidating Chapter 11 bankruptcy estate, our experts quickly overcame the contentious and litigious shareholders’ challenges to recover approximately 67% of investor claims by:
Obstacles & Our Solutions
David Stapleton, CPA, CLPF
Senior Managing Director
Strategic Advisory Practice
+1 213 235 0601
[email protected]
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We deliver unbiased, expert solutions in court-mandated and out-of-court situations that demand a third-party fiduciary, including insolvency, fraud, litigation, and shareholder disputes. When companies are in financial distress, become entrenched in complex disputes, or fraud is suspected, lenders, attorneys, and regulatory agencies recommend that federal and state courts or boards of directors appoint our experts as fiduciaries.
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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.