Schafer and Weiner Assists with Workout of Home Improvement Company
November, 2017
Employee embezzlement happens. A home improvement company suffered catastrophic losses due to embezzlement by its chief financial officer. The company came to Schafer and Weiner thinking it needed a Chapter 11 bankruptcy. John Stockdale Jr. guided the company through the emergency and put a financial advisor in place. Successfully coordinating with counsel and the financial advisor, the company was able to avoid a bankruptcy, work out its obligations and install financial controls.