SCOTTSDALE, Ariz. – Nov. 15, 2021 – The attorney who coordinated the liquidation of assets of infamous health technology company Theranos and other high profile companies is now a member of the Advisory Board of Scottsdale-based Resolute Commercial Services.
An expert in insolvency, Chapter 11 bankruptcy, winddowns, and resolving distressed financial situations for businesses of all sizes, O’Neill brings more than 35 years of legal experience to the Resolute team, with particular expertise in the field of assignment for the benefit of creditors, or ABCs.
“Steve has been one of the leading national experts in the category of ABCs during the last 20 years,” says Jeremiah Foster, president and founder of Resolute. “His knowledge and insights now enable Resolute to serve additional clients in this specialized category of financial service. ABCs are generally quicker and less expensive than bankruptcy, which is a more favorable option for the mid-market companies we work with,” says Foster.
Adding O’Neill to its Advisory Board follows Resolute being named to the 2021 Inc. 5000 list of America’s fastest-growing private companies.
O’Neill has represented clients from assignors and assignees, to buyers of assets, and has also gained a reputation as an expert in the areas of business reorganizations, out-of-court workouts, and creditor and debtor’s rights.
His recent case experience also includes work in Chapter 11 liquidation with Clear Edge Power and Atoptech, where he served as lead attorney. Both resulted in sales of over $35 million and substantial returns to creditors, with Atoptech creditors paid in full..
“Transitioning from my legal career to consulting for financially distressed companies puts me in a unique position to provide strategic insight and to recommend tactics for struggling companies,” O’Neill says.
Previously, O’Neill was a partner at Dorsey & Whitney LLP, recognized as the Business Reorganization Law Firm of the Year in California in 2016. He was also recognized as a Northern California Super Lawyer. Steve is a graduate of the University of California Hastings College of the Law and UCLA.
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About Resolute Commercial Services
Named to the 2021 Inc. 5000 list of America’s fastest-growing private companies, Resolute is an independent business advisory firm focused on diagnosing and resolving the challenging issues impacting middle market companies with annual earnings between $10 million and $500 million. Resolute provides solution-oriented fiduciary, financial, business, and real estate advisory services. Its services are utilized by businesses, financial institutions, law firms, and state and federal courts. Since its founding in 2008, Resolute has provided services in 33 states, with a strong presence in the Southwest and Mountain West regions. Its experienced staff has managed over $1 billion in distressed assets and sold more than 75 assets/enterprises with a total value of more than $250 million. For more information, visit resolutecommercial.com.