As Plan Administrator of $175MM Ch. 11 Bankruptcy Estate, repositioned and sold real estate assets, intellectual property and personal property. Managed claims; and made distributions to unsecured creditors.
The Bottom Line: The owner of a 40-unit, class C, apartment building in Copperas, TX and land in Temple, TX had defaulted on its secured loan by mismanaging the properties. The apartment building had become severely dilapidated with environmental problems and squatting tenants. Actions: As Receiver, Stapleton is evicting certain tenants, eradicating pests throughout the […]
[SEC v SiliconSagebuilders, LLC, et al.] Receiver of insolvent, full-service real estate developer with $300MM in liabilities and 12 diverse, incomplete projects.
As CRO, Stapleton Group achieved a recovery exceeding 5x liquidation value for Modern Times Beer’s secured lenders and helped save more than 160 jobs by auctioning the business as a going concern, 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.
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 a troubled manufacturer / wholesaler of retail products, implemented strategic plan that returned 100% to secured lender and a return to shareholders.
Served as the Liquidating Trustee for Chapter 11 bankruptcy of Pappas Liquidating Trust consisting of multiple broadcast television stations including ABC, FOX and CW networks.
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.
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.
As Receiver of a new school, completed construction, obtained the certificate of occupancy, marketed the property, and maintained it for two years until its successful sale to the local school district for $20 million.
