As CRO, Stapleton Group achieved a full recovery for Modern Times Beer’s secured lenders and helped save more than 160 jobs by auctioning the business as a going concern for $20 million, just one week before the lenders were planning to liquidate for $1.5 to $2.0 million.
A business owner drew down his company’s $18MM line of credit and disappeared with the money and company cash. Stapleton Group recovered over 80% of the lender’s principal through a carefully designed and executed receivership process.
As Financial Advisor to a bankrupt heavy equipment vendor, collaborated with management and counsel to achieve a confirmed Plan of Reorganization under Ch. 11 in less than 6 months.
As CRO of a troubled manufacturer / wholesaler of retail products, implemented strategic plan that returned 100% to secured lender and a return to shareholders.
Stapleton Group, as CRO, achieved a full recovery for a specialty lender’s secured lender and a partial recovery for its subordinated creditors.
As CRO of an illiquid tire retailer and wholesaler, successfully negotiated a forbearance agreement with the company’s bank, restructured operations, sold assets and refinanced its debt.
Appellate Court appointed Stapleton receiver of $409MM Lead Paint Abatement Fund awarded to 10 California municipalities after six-month competitive process among ten qualified receivers.
As Receiver, Stapleton improved the secured lender’s recovery by more than 100% by leasing the property and then selling it in a competitive process.
As Financial Advisor/CRO of a menswear retailer, we worked with management, the secured lender, the bankruptcy trustee and bankruptcy counsel to achieve a confirmed Plan of Reorganization under Subchapter V Chapter 11 in less than 7 months.
Stapleton Group helped achieve the 100% recovery of a bank’s $33.5 million loan to an insolvent national food wholesaler that had entered an ABC.
Stapleton achieved the lender’s targeted return of capital on its loan to a foreclosed vineyard suffering from severe capital constraints.
As Chief Restructuring Officer of an insolvent 50-year old naval shipbuilding subcontractor, Stapleton exceeded the secured lender’s recovery expectations and preserved jobs through an Article 9 sale.
