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, […]
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. […]
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 […]
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 […]
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 […]
04.2.21
Watching the economy blossom as we emerge from Covid’s lockdown reminds me of a great quote: “Give me six hours to chop down a tree and I will spend the first four sharpening the axe.” – Abraham Lincoln While we’re in the early days of recovery, it’s not too early for companies and lenders to […]
03.23.21
A federal judge appointed Stapleton receiver of a bankrupt San Francisco Bay Area real estate developer with over $300MM in liabilities. Our in-house, diverse team of restructuring professionals, asset managers, forensic accountants and receiver have taken control of the company’s operations and numerous properties. The company is subject to an SEC action involving over $100 million […]
03.17.21
We are pleased to announce that Quintin Brown, Associate Director in our Financial Advisory group, has earned his Certified Insolvency & Restructuring Advisor (CIRA) designation from the Association of Insolvency & Restructuring Advisors (AIRA). The AIRA established the CIRA program in 1992 to recognize by public awareness and certification those individuals who possess a high […]
01.18.21
With the global Pandemic stressing operations of agriculture businesses, we are helping lenders throughout the Western U.S. assess their options for troubled credits. Our team of agribusiness and real estate experts knows its way around farms, dairies, vineyards, crops and massive fields of flowers. Lenders rely on us to optimize their return of capital by […]
12.2.20
As the Pandemic’s strong grip gets tighter and tighter, we have been fielding a lot of calls from lenders with hotel debtors. How can they recoup their principal when the courts are swamped and travel restrictions persist? Move Fast (the opposite of COVID-time) In our two decades of professional experience representing lenders with troubled loans, […]
