News

Mike Bergthold Elected a Director of SDBF

12.9.21

Congrats to Mike Bergthold for being elected a Director of San Diego Bankruptcy Forum! Mike advises troubled companies across most industries, reducing complex problems into actionable plans to drive immediate and measurable results. About the San Diego Bankruptcy Forum The San Diego Bankruptcy Forum is a nonprofit mutual benefit corporation founded in 1989, and located in San Diego, […]

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Monetizing Stalled Construction Deals

11.7.21

Practical Solutions for Lenders & Investors Fraud, incompetence, insufficient liquidity and delays due to a global pandemic are just some of the forces resulting in stalled real estate developments. Lenders and investors with capital tied up in these projects have common goals – complete construction, resolve any litigation, and monetize the asset through a sale, […]

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David Stapleton Presented at NAFER’s Annual Conference

10.22.21

Receiver as CEO:  How to Manage an Operating Company in Receivership Panelists David Stapleton, Krista Freitag of E3 Advisors, Alex Moglia of Moglia Advisors and Thomas Seaman of Thomas Seaman Company shared their experiences serving as CEOs of businesses in receivership. They discussed key initial steps, best practices when operating a business, and navigating financial […]

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Receivership News: Ransom! The Unfortunate New Normal

10.14.21

Jake Diiorio‘s article, “Ransom! The Unfortunate New Normal: Cybersecurity Considerations for Fiduciaries,” was published in Receivership News, Fall 2021 by the California Receivers Forum. Here’s a preview of the article: “The Order was signed a week ago. When your team arrived onsite and turned on the controller’s computer, they were greeted with a skull-and-crossbones themed […]

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Quintin Brown Promoted to Director

09.14.21

We are pleased to announce that Quintin Brown has been promoted to Director of Stapleton Group. Since joining our team in January 2019, Quintin has served as CRO, interim CFO and financial advisor on bankruptcy matters, out-of-court restructurings, receiverships and litigation support engagements. “Quintin brings his A-game to every engagement,” said David Stapleton, president of […]

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Bankruptcy Simplified – Sub V Chapter 11

08.2.21

The Small Business Reorganization Act of 2019’s new Subchapter V for small businesses was timely, just one month before COVID-19 turned the economy upside-down. But the value of Sub V’s simplified reorganization process was severely limited by its $2.7 million debt cap. The CARES Act increased the debt cap to $7.5 million on March 26, […]

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Forbearance was Key to Successful Turnaround

06.9.21

A struggling tire retailer-wholesaler had defaulted on its revolving line of credit before the COVID-19 pandemic. The lockdown’s hit to sales and cash flow was the last straw for its secured lender, who wanted out of its $15.5MM commitment. Here’s how we helped the company right-size its business, improve cash flow, and refinance its debt. […]

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WEBINAR: Fire Clients to Grow Your Business

05.24.21

Webinar – June 9, 2021 @ 2:30 pm PDT (Zoom) Mike Bergthold of Stapleton Group and Stacey McKibbin of Consilio will be presenting the keys to sustainable growth. INVEST 50 MINUTES TO LEARN HOW TO: Identify your ideal customers by interpreting your P&L Rally your sales team to focus on the right targets Optimize profitability […]

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Plan of Reorganization Confirmed for Menswear Retailer

05.1.21

Like most upscale retailers, Fresno-based Patrick James’ performance declined suddenly with COVID-19 stay-at-home orders. The 58-year-old menswear company with 11 stores in California, Nevada and Arizona filed for bankruptcy under Subchapter V Chapter 11 in October 2020 and hired Stapleton Group as its financial advisor. Our team, led by Managing Director Michael Bergthold, quickly negotiated […]

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5 Keys to Successful Real Estate Receivership Sales

04.29.21

The havoc wreaked by the pandemic on real estate combined with foreclosure moratoriums is causing lenders to carefully consider the feasibility of Receivership Sales. Our large, in-house team of specialists has closed 100% of Receivership Sales initiated, which is reason enough to consider the process for stressed commercial properties. Here are our top 5 keys […]

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