J.S. Held Doubles Size of Fiduciary Services Team Adding Financial and Operational Experts
JERICHO, N.Y., Feb. 12, 2025 /PRNewswire/ -- Global consulting firm J.S. Held announces the expansion of the Fiduciary Services Team, doubling in size and deepening their collective industry expertise.
Lenders, attorneys, federal & state courts, and federal regulatory agencies trust J.S. Held experts in situations demanding a third-party fiduciary for companies in distress, entrenched in complex disputes, or when fraud is suspected. Serving as Federal and State Receiver, Bankruptcy Trustee & Examiner, and Assignee for the Benefit of Creditors, the team meticulously designs and implements recovery strategies to maximize value for stakeholders. Solutions derive from deep and diverse industry experience and multidisciplinary expertise across our more than 1,500 technical, scientific, financial, operational, and strategic experts.
J.S. Held experts hold multiple certifications, including Licensed Professional Fiduciaries, Certified Public Accountants (CPA), Certified Insolvency & Restructuring Advisor (CIRA), Certified Fraud Examiners (CFE), and Chartered Financial Analyst (CFA), among others. Experts across the company contribute time and talent to important professional associations, including the National Association of Federal Equity Receivers (NAFER), the Turnaround Management Association (TMA), and the Building Owners and Managers Association (BOMA), among others. J.S. Held professionals are recognized industry thought leaders, public speakers, and authors who have been featured at major events and in industry-leading publications.
David P. Stapleton, CPA, CLPF, a nationally recognized federal receiver, trustee, and restructuring expert, and his team join J.S. Held experts, including Senior Managing Director Peter S. Davis, CPA, ABV, CFF, CIRA, CTP, CFE, with over 20 years of experience in complex receivership, serving clients across the US, including as Receiver in regulatory matters brought by the SEC, FTC, Arizona Corporation Commission, the Arizona State Board of Education, as well as lenders and shareholders. Notable among Mr. Davis' expertise is his receivership teaching experience at Arizona State University and training in fraud and forensic accounting for numerous organizations.
J.S. Held experts deliver unbiased, expert solutions in court-mandated and out-of-court situations that demand a third-party fiduciary, as demonstrated in the engagements below:
Financial Advisor to Chapter 11 Trustee & Receiver of Mobile Phone Retailer – As Receiver, provided financial and operational support during the liquidation and wind-down, ultimately recovering $62MM.
Assignee for the Benefit of Creditors (ABC) International Textile Recycler – Retained by the Board of Directors to wind down operations of a private equity-backed international textile recycling company with operations in the US and Central America; delivered a favorable outcome for the lender, recovering over $2MM.
Arizona Corporation Commission v DenSco Investment Corporation – Appointed Receiver for DenSco Investment Corporation in a matter brought by the Arizona Corporation Commission. DenSco was engaged primarily in funding hard money loans for the purchase of real estate secured by deeds of trust using money raised from investors. J.S. Held experts identified the underlying fraud schemes that resulted in DenSco's collapse and collected over $12MM for the benefit of investor victims.
Receiver & Bankruptcy Monitor of Five Urgent Care Clinics – As Receiver of five insolvent urgent care clinics, quickly determined the clinics' bank was at risk of repayment due to poor cash flow and a pending $2 million wage-and-hour class action lawsuit. Managed the business while successfully negotiating a going-concern sale of three clinics to their hospital landlord.
Assignee for the Benefit of Creditors of Multi-Channel Retailer – As Assignee in the Assignment for the Benefit of Creditors of a multi-channel, direct-to-consumer retailer, improved creditors' recovery from zero to $2.5MM+ by designing and implementing the competitive sale of business assets and substantially reducing vendor claims.
SEC v SiliconSage Builders, LLC – Appointed Receiver when an insolvent, full-service real estate development operation with $300MM in liabilities and 12 ground-up apartment, condominium, and mixed-use development projects in various stages of the entitlement, land-acquisition process came under the SEC's scrutiny for securities fraud. As Receiver, marshaled assets, performed a reconstruction of the capital stack of each project to determine net negative or positive equity, and completed underwriting for pending projects to determine the best exit strategy for each.
To learn more about our role as fiduciaries in court-mandated and out-of-court situations, visit: https://www.jsheld.com/areas-of-expertise/strategic-advisory/fiduciary-services-receivers-assignees-trustees.
About J.S. Held
J.S. Held is a global consulting firm that combines technical, scientific, financial, and strategic expertise to advise clients seeking to realize value and mitigate risk. Our professionals serve as trusted advisors to organizations facing high stakes matters demanding urgent attention, staunch integrity, proven experience, clear-cut analysis, and an understanding of both tangible and intangible assets. The firm provides a comprehensive suite of services, products, and data that enable clients to navigate complex, contentious, and often catastrophic situations.
More than 1,500 professionals serve organizations across six continents, including 81% of the Global 200 Law Firms, 70% of the Forbes Top 20 Insurance Companies (85% of the NAIC Top 50 Property & Casualty Insurers), and 65% of the Fortune 100 Companies.
J.S. Held, its affiliates and subsidiaries are not certified public accounting firm(s) and do not provide audit, attest, or any other public accounting services. J.S. Held, its affiliates and subsidiaries are not law firms and do not provide legal advice. Securities offered through PM Securities, LLC, d/b/a Phoenix IB, a part of J.S. Held, member FINRA/ SIPC, or Ocean Tomo Investment Group, LLC, a part of J.S. Held, member FINRA/ SIPC. All rights reserved.
Kristi L. Stathis | Global Public Relations | +1 786 833 4864 | Kristi.Stathis@jsheld.com.
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