J.S. Held adquiere Shechter & Everett para expandir los servicios de contabilidad forense en litigios de derecho de familia en Florida
LEER MÁSA $150M, family-owned manufacturer of Mexican-style cheeses and cream products with nationwide distribution was forced to suspend operations following the discovery of Listeria monocytogenes linked to certain cheese products, triggering voluntary recalls and extensive regulatory scrutiny. The Company entered into a Consent Decree with the FDA requiring significant remediation, enhanced controls, and third-party oversight. As a result, production was shut down for approximately 16 months.
The prolonged interruption caused $10M in accounts receivable and inventory write-offs, over $75M in recall-related litigation exposure, and covenant defaults on $11M of secured credit facilities. It also created acute liquidity pressure and strained the Company's relationship with its senior secured lender. After owner capital infusions and a phased restart in 2025, the Company entered Chapter 11 to stabilize operations and address its liabilities.
Shortly after the production shutdown, J.S. Held was retained by the Company, at its corporate counsel’s recommendation, to provide comprehensive financial advisory services and bankruptcy support throughout the restructuring.
Our experts guided the Company through a successful Chapter 11 process and §363 sale. This outcome drastically improved recoveries from negligible amounts to 100% for the secured lender, subordinated secured lenders, and priority creditors. It also preserved jobs and enabled the Company's legacy to continue through a vertically integrated new operation. Nuestras acciones claves incluyeron las siguientes:
> Asesoría sobre bancarrota
Navegar un proceso de bancarrota es inherentemente complejo, ya que suele involucrar empresas en dificultades, litigios, registros financieros incompletos o inexactos, posibles fraudes y otros desafíos, además de estrictos procesos impuestos por los tribunales. Nuestro equipo experimentado de expertos en reestructuración y recuperación orienta a los clientes de manera fluida a lo largo de todo el proceso para optimizar los resultados para prestamistas, acreedores, accionistas y empleados.
> Soluciones para situaciones de crisis
Ofrecemos soluciones integradas para empresas en dificultades o insolventes que maximizan la recuperación, mitigan riesgos y restauran el valor de la organización. Nuestros expertos son contratados para ayudar a las organizaciones en crisis a estabilizar sus operaciones, proteger los intereses de las partes involucradas y ejecutar estrategias de recuperación. Adoptamos un enfoque operativo que va más allá del balance general para minimizar un mayor deterioro y construir un camino hacia un crecimiento sostenible.
For additional information about the engagement or to learn more about our services, contact: