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 […]
02.19.21
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 Chapter 11 bankruptcy in October 2020 and hired Stapleton Group as its financial advisor. Our team, led by Managing Director Michael Bergthold, quickly negotiated Debtor-in-Possession (DIP) financing to […]
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 […]
02.7.17
A car dealership that isn’t open for business is a big problem for the dealership’s lender. Every day, the bank’s collateral is guaranteed to decline in value. When our bank-client faced this dilemma in Northern California, we recovered 70% of the bank’s outstanding balance despite a convoluted process of receivership and bankruptcy filings. Receiver → […]
