Bankruptcy and Involvency
SLBiggs, a Division of SingerLewak, is one of the foremost Southern California professional services firms with recognized expertise in insolvency related matters.
SLBiggs’ Bankruptcy & Insolvency Practice
SLBiggs has served trustees, receivers, attorneys, government agencies, financial institutions, debtors, creditors’ committees and others for nearly 40 years, providing the substantive and impactful results that have bolstered our reputation as prominent experts in this specialized field.
ASSIGNMENTS FOR THE BENEFIT OF CREDITORS (“ABCs”)
SLBiggs, a Division of SingerLewak, provides troubled companies a cost-effective, efficient, and flexible alternative to the burdensome time and procedural constraints of a lengthy bankruptcy proceeding.
As Assignee in Assignments for the Benefit of Creditors (“ABCs”) our team of highly qualified insolvency experts will analyze the details, alternatives, and complexity of each unique situation and design a course of action to disencumber, control, and conduct an orderly winding down of the business prior to, during, and following the liquidation of assets.
We excel in managing the smooth termination of business operations, while monetizing the assets for the benefit of creditors. We design deal structures based on sound business and legal principles that withstand scrutiny and deliver outcomes our clients desire.
SLBiggs, a Division of SingerLewak, is proud to be among a select few firms in Southern California to have earned a reputation as top professionals in the bankruptcy services industry. The division is comprised of a group of experts, knowledgeable in all areas of this specialized field, including litigation support, Chapter 11 reorganization and liquidation, U.S. Trustee reporting compliance, tax, forensic accounting, and fraud investigation.
The unparalleled breadth of knowledge and experience of our professionals is born in the trenches of handling thousands of bankruptcy, litigation, and forensic accounting cases, each unique in complexity, challenges, and players, with many of them being among the largest, most involved cases in the country.
Professional backgrounds include appointments as bankruptcy trustee for the Central District of California, federal and state court receiver, Examiner, Disbursing Agent, Chapter 11 Plan Administrator, Expert, and accountant to bankruptcy trustees, reorganizing debtors, and creditors’ committees.
We are regularly retained by:
- Law Firms
- Debtors in Possession
- Creditors’ Committees
- Government Agencies
- Financial Institutions
- Troubled Companies
- Tax Preparation and Consultation
- Forensic Accounting and Investigations
- DIP Management and Operations Oversight
- Reorganizations and Liquidations
- Trustee Support Services
- Business Turnaround and Crisis Management
- Expert Testimony
Disbursing Agent and Claims Administrator
SLBiggs provides claims administration as well as liquidating/disbursing agent services in cases principally involving insolvency actions or creditor settlement funds established under debtor plans of reorganization or liquidation, class action settlement funds, or other litigation settlements.
- Verification and confirmation of claims and disbursement funds
- Claims objections
- Creditor distributions
- Inventory and control of assets
- Administration of litigation matters
The receiver support group at SLBiggs is comprised of professionals who are experienced in facilitating the fiduciary duties of court-appointed receivers.
We understand the time-sensitive nature and inherent complexity of handling such appointments, and we are skilled at providing support throughout the entire process, from take-over, to operations management, to the disposition of assets. Our vast experience gained through administering thousands of receivership cases renders us uniquely qualified to assist receivers in the following areas:
- Marshalling & Inventory of Assets
- Management of Business Operations
- Lease, Contractor, and Tenant Negotiations
- Asset Liquidation
- Court Reporting Compliance
- Operating Budgets & Forecasts
- Monthly Accounting & Bookkeeping Services
- Tax Compliance
- Forensic Accounting
- Litigation Support
- Claims Analysis & Administration
- Expert Testimony
Partner Samuel R. Biggs has been appointed receiver for the benefit of many of the largest financial institutions in Southern California, as well as the FDIC and other parties. He has served as receiver in thousands of cases in both state and federal court jurisdictions. These receiverships have included multiple-family real properties, commercial and retail buildings, shopping malls, and a vast array of operating businesses and asset liquidations.
Businesses Operated Include:
- Manufacturing, Distribution and Service companies
- Car Washes
- Temporary Storage facilities
Real Property Receivership Appointments:
- Commercial Office Buildings
- Retail and Strip Malls
- Multi-Family Residential