Case Studies
J.S. Held Acquires Element Forensic Engineering, Expanding Insurance-Focused Capabilities for Mid-Market and Large Loss Property Claims Across Canada
Read MoreA Chrysler, Dodge, Jeep, and Ram dealership based in Northern California defaulted under a vehicle flooring facility with one of the largest US banking institutions. Our team was appointed as receiver to secure the dealership, protect the lender’s collateral, and determine the best recovery strategy for the business and assets. After evaluating the collateral base, operating needs, and prospective buyer interest, our team pursued an orderly wind-down and liquidation designed to maximize proceeds for the secured lender and reduce ongoing cost exposure.
As a court-appointed receiver, we recovered more than 80% of the secured lender’s flooring balance exposure in just three months. Our strategic process included:
Obstacles & Our Solutions
The lender needed immediate control over dealership collateral after default under the vehicle flooring facility. Our team immediately took the following actions:
The vehicle inventory required fast monetization to preserve OEM buyback value. We developed and executed a targeted strategy:
Fixed assets needed a transparent sale process that maximized estate recovery. Our team conducted a competitive and well-marketed sale process:
The estate needed an orderly wind-down and court-supervised closeout. We oversaw all aspects of the wind-down through final distribution:
> 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. We right-size operations, monetize assets, navigate disputes, and increase value and overall cash recovery for creditors and other stakeholders.
> 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. Our team delivers hands-on guidance and independent analysis to lenders, creditors, legal counsel, executive teams, boards of directors, and investors.
