BRAY & GILLESPIE
K&C was retained as financial and forensic consultants by a major secured lender in this significant bankruptcy matter involving seventy-nine entities in the real estate and hospitality industry. Following confirmation of the Plan of Reorganization, Soneet Kapila was appointed Liquidating Trustee/Creditor Agent.
PAN AMERICAN HOSPITAL CORPORATION
Soneet R. Kapila was the Court appointed Examiner to investigate the viability of this 146 bed acute care community hospital, as well as corporate governance and the ability of management to operate this hospital as a Debtor-in-Possession. His duties included overseeing the sale of the Hospital as a Transaction Examiner. His recommendations resulted in a reconstitution of the Board of Directors, the appointment of an Interim Chief Operating Officer and a close monitoring of cash flow budgets and operations. His efforts resulted in the sale of the Hospital for $40 million.
Soneet R. Kapila was selected by the Creditors' Committee to
be the Administrator to oversee and administer the affairs
of the post-confirmation Debtor and, direct and manage litigation.
His duties include overseeing and directing the claims adjudication
process and making distributions to creditors, pursuing Chapter
5 avoidance actions and D&O litigation.
AND EXCHANGE COMMISSION V. TEL-ONE, INC., et al.
Soneet R. Kapila was appointed the Claims Administrator/Disbursing
Agent in this "pump and dump" scheme in this
securities fraud case by the Federal District Court. His
$2,000,000 to loss claimants and determining the authenticity of the
SOUTHEAST BANKING CORPORATION
Kapila & Company is the accountant and financial consultant to Jeffrey
H. Beck, the Chapter 7 Bankruptcy Trustee. We have provided
numerous services covering a wide gamut of forensic, litigation support,
complex tax consultations and asset tracing. We have assisted the Trustee
in analyzing, reviewing and marshaling the claims of a multi-million
dollar creditor body with complex inter-creditor arrangements.
THE STRADA CREDITORS TRUST
Soneet R. Kapila was selected Liquidating Trustee in this real estate condominium case to administer post-confirmation assets and litigation.
MEDCO, INC., TRANSAMERICA WIRELESS SYSTEMS,
AND INTERCONTINENTAL TELECOMMUNICATIONS CO.
Kapila & Company was the accountant and financial consultant to
the SEC Receiver on these matters. In addition to the investigative
and forensic services we provided, we assisted the Receiver to distribute
the funds of the estate to the defrauded investors and other creditors.
MARGARITA Y AMIGAS RESTAURANT
Soneet R. Kapila was appointed Settlement Administrator and charged
with the responsibility to perform due diligence for the validity of
the claims and disbursing substantial settlement proceeds to several
hundred class action participants.
KRYPTON BROADCASTING CORPORATION
Soneet R. Kapila was the Disbursing Agent of two significant television
station corporations where in excess of $20 million was disbursed. His
duties required him to insure all creditors' claims had been properly
adjudicated as well as all tax compliance matters had been addressed
prior to release of funds.
G-SITE ASSOCIATES, A PARTNERSHIP
After serving as Accountant to the Official Committee of Unsecured
R. Kapila was
appointed the Post-Confirmation President and CEO of this significant
real estate developer and home builder bankruptcy case to liquidate
the Debtor's assets and disburse funds to the creditors. He liquidated
the actual operations of the Debtor, pursued several causes of action,
insured tax compliance and thereafter distributed monies to
Soneet R. Kapila was the appointed Disbursing Agent to administer post-confirmation
liquidation of cash and disbursing to creditors with claims.
Soneet R. Kapila was the Liquidating Trustee and succeeded to be the
Liquidating Disbursing Agent. He distributed several millions
of dollars to creditors having adjudicated their claims and insuring
with regulatory and tax matters.
ARENA DEVELOPMENT CO. vs. BROWARD COUNTY
Kapila & Company was retained by the Special Master as accountants
and financial consultants to analyze the propriety of the multi-million
dollar "prevailing wage" claims relating to the National
Car Rental Arena and facilitated the distribution of funds.
Soneet R. Kapila was the Liquidating Trustee and pursued several causes
of action, including a liablity action against an accounting firm, to provide
a return to creditors in an estate with minimal assets.
Soneet R. Kapila was appointed the Liquidating Trustee upon confirmation
of this Chapter 11 proceeding. He investigated and pursued recovery
actions for voidable transfers and tort claims against
professionals in order to maximize return for the Creditors.