Case Studies
J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida
Read MoreThe company provided wireline and oil testing services for oil wells from offices in Pennsylvania, Texas, and California. Management failed to forecast a significant decline in demand for its services during a prolonged oil glut, resulting in severe cash flow shortfalls. The company’s liquidity problems were exacerbated by a failed $7 million investment in a consortium to produce and sell oil in Colombia. It was in financial default with its senior lender, one of four lenders to the company, and the bank assumed liquidation was the only solution.
The court appointed our team as receiver to take possession of and monetize the borrower’s assets to achieve the best possible recovery for its four lenders.
After taking possession of an oil & gas service provider as receiver, our experts maximized the recovery for the company’s multiple lenders and preserved the business as a going concern by:
Obstacles & Our Solutions
> 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.
