LEVITT & SONS, LLC

Soneet R. Kapila was selected as Chief Administrator to oversee the development of seven home building construction projects in different subsidiary entities in Georgia, South Carolina and Florida.

SUNCRUZ CASINOS, LLC

Kapila & Company was retained as accountants to the Chapter 11 Bankruptcy Trustee in the significant "cruises to nowhere" casino gambling operation in off-shore waters. We assisted the Trustee and the Bankruptcy Estate in multiple facets of the case including analysis and investigation of fraudulent transfers and preferences, claims review, operational monitoring and complex Federal and state tax issues.

GREATER MIAMI NEIGHBORHOOD

Kapila & Company was retained as pre and post-petition financial consultants to assist in bankruptcy related matters by this company that offered and developed affordable housing programs.

L&H LIQUIDATING TRUST

Kapila & Company was retained as accountants to Scott L. Baena, Esq., Liquidating Trustee. Our firm provides services in areas of litigation support, sophisticated tax matters and claims management.

SOUTHEAST BANKING CORPORATION/SOUTHEAST BANK, N.A.

Kapila & Company was retained as accountants to the Chapter 7 United States Bankruptcy Trustee of this $450 million banking corporation. In the pending case, Kapila & Company is assisting the Trustee in multiple aspects of case administration including distribution analysis, tax compliance and ongoing financial analysis to maximize the return to creditors.

CONTIFINANCIAL CORPORATION

Kapila & Company was retained as accountants and financial consultant to Jeffrey H. Beck, Liquidating Trustee of the CFN Liquidating Trust. Conti Financial Corporation and its related subsidiaries (“Conti”) were engaged in the business of originating, selling, and securitizing “sub-prime” lending mortgage loans in the residential, commercial and auto industry. Prior to the bankruptcy, Conti employed approximately 3,000 people nationally. We are assisting the Liquidating Trustee and his team of professionals in litigation matters, forensic investigation, claims management, distributions to a creditor body which exceeds $1 billion, tax compliance, and operational matters including asset identification, management of information systems and records retention.
 
SOUTHERN PACIFIC FUNDING CORPORATION

Kapila & Company was retained as accountants and financial consultants to Jeffrey H. Beck, Liquidating Trustee of this bankruptcy estate.  Southern Pacific Funding Corporation was a specialty finance company engaged in the business of originating, selling, and securitizing non-conforming "sub-prime" mortgage loans.  We are assisting the Liquidating Trustee of this multi-million dollar estate in litigation support, claims management, and distributions to a creditor body of over $200 million, tax compliance matters, and asset management.

CROWN PAPER LIQUIDATING TRUST

Kapila & Company is the accountant to Jeffrey H. Beck, Liquidating Trustee of this case. Crown was a major producer of value-added paper products in both printing and specialty market segments. We are assisting the Liquidating Trustee in the investigation of preferences and fraudulent transfers, evolving litigation support, and insolvency investigation. We are also assisting in the Trust’s tax compliance matters.

A.G.A. FLOWERS, INC./GERALD STEVENS, INC. ET AL.

Soneet R. Kapila and Kapila & Company were appointed "wind down consultants" to assist in the wind-down of the activities of these Debtors in bankruptcy and assist in the recovery of unadministered assets. These Debtors were the United States' largest integrated retailer and marketer of flowers, plants and complementary gifts. They operated and managed customer-florist interaction from order generation to order fulfillment, with approximately 300 retail locations. We assisted in the liquidation analysis for the Plan of Reorganization, and we are handling all tax compliance matters and the investigation of the voidable transfers. Following confirmation of the Plan, Kapila was retained as accountant to the Liquidating Trustee.

BELLSOUTH TELECOMMUNICATIONS, INC.

Kapila & Company was retained by BellSouth to provide litigation consulting and forensic accounting services related to Supra Telecommunications, Inc., a Debtor in Chapter 11 bankruptcy.

BYEBYENOW.COM, INC. AND AFFILIATES

Kapila & Company was retained as accountants to the Debtor in bankruptcy in this Chapter 11 proceeding. The Debtor had developed technology to enable customers to access a wide variety of travel and vacation opportunities and information via the Internet, and, through its various subsidiaries, also owned travel agencies. We provided services during the Chapter 11 proceeding, as well as in the formulation of the Plan of Reorganization and Disclosure Statement. Soneet R. Kapila was appointed the Liquidating Trustee upon confirmation.

FINANCIAL FEDERATED TITLE AND TRUST, INC.

Kapila & Company was retained as accountants to the Chapter 11 Trustee of this $115 million viatical Ponzi scheme, classified as the largest viatical fraud in the United States. We assisted the Trustee in investigating and marshalling the tangled web of transactions and assets.

GENERAL COFFEE CORPORATION (A/K/A CHASE & SANBORN CORPORATION)

Soneet R. Kapila acted as accountant to the Bankruptcy Trustee of the Creditors' Trust to analyze preferential and fraudulent transfers. His investigation and analysis identified multi-million dollars of intricate fraudulent and preferential transfers. He participated in complex and hotly contested litigation resulting in significant recoveries. Mr. Kapila gave expert testimony on the issues of voidable transfers and the proof of insolvency. 

ALBERTO DUQUE AND DOMINO INVESTMENTS, INC.

Soneet R. Kapila acted as "special accountant" to the Bankruptcy Trustee for the purpose of proving insolvency of the Debtor. Mr. Kapila's forensic investigation and analysis helped reconstruct the financial position of the Debtor over several years. It culminated in Mr. Kapila presenting expert testimony and the recovery of several million dollars in preferential and fraudulent transfers, all of which were vigorously litigated by major defendants.

AMOCO OIL COMPANY AND CHEVRON PRODUCTS COMPANY

Kapila & Company was retained as the accountant by these two major corporations to assist in the litigation against a significant Debtor-In-Possession operation to protect the financial exposure and collateral of the two corporations. Our duties involved extensive investigation of the Debtor’s conduct and a review of management culminating in providing expert testimony in Bankruptcy Court, and the appointment of a Bankruptcy Trustee.
 
INTERNATIONAL AIR LEASES, INC. AND AFFILIATES

Kapila & Company was retained by this major corporation to defend law suits filed by a bankruptcy estate to recover multi-million dollars of alleged preferential transfers through a complex organizational structure and asserting the conduit theory for recovery. In this aggressively litigated case, Kapila analyzed extensive financial records to develop defenses based upon new value and contemporaneous exchange. He has provided expert testimony on these issues.
 
AMERICAN WAY SERVICE CORPORATION – liquidating trust
THOMAS ALOYSIUS WARMUS – liquidating trust

Kapila & Company was retained by the liquidating trustee of these two multi-million dollar estates to recover fraudulently transferred assets. We analyzed voluminous records to develop a proof of insolvency at various dates, and testified as experts before the Bankruptcy Court.
 
L. LURIAS, INC.

Kapila & Company was retained as experts by various defendants to assist in the defense analysis relating to alleged preferential and fraudulent transfer recovery actions brought by the Debtor.  Kapila analyzed and testified on issues of solvency, ordinary course, and new value.
 
KEYS LODGING, INC. (HOWARD JOHNSON MOTEL)

Kapila & Company was retained by this Debtor in its Chapter 11 proceeding to assist with reorganization consulting, financial feasibility projections and development of a Plan of Reorganization and Disclosure Statement.
 
BARNETT BANK

Kapila & Company was engaged by Barnett Bank to analyze the recoverability of its collateral in a pending Chapter 11 bankruptcy proceeding and assist in negotiations to maximize recovery.

REGENTS BANK (f/k/a) UNION PLANTERS NATIONAL BANK

Kapila & Company was retained by Union Planters to assist with the monitoring of collateral and various troubled loans. Our services included on-site investigation and review of daily transactional activity to preserve the Bank's collateral interest. The services have been provided for automotive dealers and a light industrial business.
 
WACHOVIA NATIONAL BANK OF FLORIDA

Kapila & Company was retained by the Bank to provide reliable and objective financial and viability assessments of various troubled secured lending relationships, review of the feasibility of Plans of Reorganization and investigate the conduct of management and business transactions. Our services included turnaround consulting and investigation of entities in the healthcare, hospitality and franchise industries for the following businesses: