Case Studies
J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida
Read MoreThe high-end furniture company manufactured all of its products in three factories in Tijuana, Mexico and stored finished goods in a leased facility in Otay Mesa, CA. The expansion of China’s lower-cost furniture manufacturing somewhat impacted the company; the housing crash of 2008 severely-affected sales and cash flow.
After failed plans to restructure or liquidate the company, the bank had lost confidence in its borrower and was concerned about its large payroll obligations. J.S. Held was appointed receiver and immediately reduced payroll and commenced a liquidation.
As the bank-appointed receiver in a tenuous, cross-border situation involving a 20-year old furniture manufacturer, our experts successfully recovered $12 million in debt by:
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.
> 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.