Bankruptcies during the second half of 2021 are down in almost all Rocky Mountain West states, while receiverships in Arizona increased.

Bankruptcies during the second half of 2021 are down in almost all Rocky Mountain West states, while receiverships in Arizona increased.

What happens when a company faces financial distress? The options can be complex!

Bankruptcies during the second half of 2021 are down in almost all Rocky Mountain West states, while receiverships in Arizona increased.

Bankruptcies during the second half of 2021 are down in almost all Rocky Mountain West states, while receiverships in Arizona increased.

Bankruptcies during the second half of 2021 are down in almost all Rocky Mountain West states, while receiverships in Arizona increased.

Situation St. Albert and St. Walter are two elderly assisted living facilities providing 24/hour personal care and meals for their occupants, located in Scottsdale and Tempe respectively. The owner took out several loans against both properties to finance business operations at both locations. Without notifying the secured lenders, the owner of the enterprise sold the […]

Situation Fortis Networks, Inc. was a general contractor that provided nonresidential construction services for commercial, federal and civil projects. After a period of declining business activity and lawsuits revolving around work performed for the U.S. Military, Fortis defaulted on several business loans. The lender was unsure if any funds could be recovered and needed a […]

Situation Cardiac Cath Lab of Mesa was an outpatient treatment center and ambulatory surgical center. Disputes among company leadership eventually resulted in the halting of business operations for several months. The absence of revenue resulted in a default on their lines of credit with the lender. The lender had low expectations for the outlook of […]

A receiver acts as a neutral party and operates under the court’s supervision by Order of Appointment.

The business advisory world – especially that of forensic accounting – can be a very male-dominated industry. One of the ways Resolute sets itself apart in the field is the existence of an unusual yet powerful all-female forensic accounting team: Senior Managing Director Nicole Manos, Managing Director Devyn Hummer, and Managing Director Alison Wise. A […]

A receiver acts as a neutral party and operates under the court’s supervision by Order of Appointment.

Highly-experienced Consultant Enhances Firm’s Ability to Diagnose and Resolve Challenging Financial and Operational Issues for Clients 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. […]

Resolute President & Founder Jeremiah Foster spoke, along with other experts, to LegalZoom about some of the pros and cons related to bankruptcies amidst a global pandemic

“Bankruptcies among medium-sized companies are ramping up much faster in Colorado than in other states in the Mountain West, with the real estate and rental sector taking the hardest hit so far, according to a report from Resolute Commercial Services. The pandemic has pushed several large firms in retail, hospitality and oil and gas over […]