09.11.24
ABCs can be Prudent Alternative to Bankruptcy & Receivership An Assignment for the Benefit of Creditors (ABC) can be the most prudent fiduciary action by a distressed company’s board of directors. The benefits of ABCs compared to Ch. 7 & 11 bankruptcies, receiverships, and other out-of-court restructuring methods include: Speed: Out-of-court ABCs can be completed […]
08.8.23
Sudden Death Averted for Pandemic Victim July/Aug 2023 Lenders, turnaround professionals, and their counsel faced unparalleled challenges with the sudden onset of the COVID-19 pandemic in 2020. When a 65-year old manufacturer / wholesaler of screen print, embroidery, and pad print goods for national parks, zoos, ski resorts, gift shops, and cruise lines quickly became […]
03.20.23
Mike Bergthold, Chris Hawkins of Sullivan Hill and human experience leader Jennifer Briggs shared tools to Navigating a Challenging Market at the California Craft Beer Summit. Details: It’s no secret that many craft brewers are suffering financial distress. And there is likely more pain to come due to overcapacity and higher interest rates. Join the […]
12.21.22
We are pleased to announce that Joan Hadeed, Associate Director in our Financial Advisory group, has earned her 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 degree of […]
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 […]
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. […]
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 […]
09.25.18
Resuscitating Troubled Healthcare Companies As receivers and turnaround consultants, our engagements span a variety of industries. Lately, we have been getting more calls from banks and attorneys about troubled healthcare companies. With the healthcare industry comprising 18% of GDP (Statista), and healthcare companies often lacking sophisticated management systems, we expect this trend to continue. Recent Healthcare Results […]
