Case Studies
J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida
Read MoreA home builder was unable to complete three large track home developments in Arizona due to insufficient capital and a weak market.
With several finished home lots and half-constructed homes, the creditor had permitted forbearance on the loan so the developer could complete unfinished homes. The developer failed to complete the homes due to lack of capital funds combined with a weak sales market.
The creditor appointed our experts as receiver to complete construction, manage the development and sell the homes.
Our team successfully finished construction and sold the homes in 8 months, generating proceeds exceeding the lender’s expectations. Many of the homes sold for more than appraised value, despite a weak market. The lender avoided negative press that would have resulted from a foreclosure.
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.
> 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.
