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Learn about options to alleviate debt and either close or restructure your business quickly and efficiently!

Eliminate creditor debt

Reduce employee claims on wages, benefits & vacation time

​Settle with partners

Get out of leases, contracts & other obligations

File final business tax returns

Wind down or restructure & continue the same business without liabilities

Maximize value for creditors

File final business tax returns

Wind down or restructure & continue the same business without liabilities

Maximize value for creditors

We’ve helped hundreds of privately owned businesses in the following industries:

We’ve helped thousands of privately-owned businesses in the following industries:

Our 3 Step Process:

Assessment

We will first assess your situation to understand your business and how we might be able to assist.

Consultation

We will then schedule a call with you and our team to discuss the several options at your disposable.

Action

Working together with you, we will develop a plan that works to meet your specific goals

Our 3 Step Process:

Assessment

We will first assess your situation to understand your business and how we might be able to assist.

Consultation

We will then schedule a call with you and our team to discuss the several options at your disposable.

Action

Working together with you, we will develop a plan that works to meet your specific goals

1

Why Choose the Court Supervised Process

After assisting over 400 business we feel like we know what we are doing. We recently helped a trucking company that had over 100 trucks in their fleet. Using a variety of strategies, we were able to remove the business debt and landlord obligations so that the company could operate as a new company and start fresh.

Why Choose the Court Supervised Process

After assisting over 400 business we feel like we know what we are doing. We recently helped a trucking company that had over 100 trucks in their fleet. Using a variety of strategies, we were able to remove the business debt and landlord obligations so that the company could operate as a new company and start fresh.

Recent Clients We Have Helped

Folksbier Brewery

Located in the Carroll Gardens neighborhood of Brooklyn, New York, Folksbier had been brewing traditional European beer styles since 2014. The Folksbier Tasting Room opened in January of 2017 and became a destination for beer lovers and families alike, with seven rotating tap lines that feature their most fresh selections brewed on premise. The company self-distributed to over 1,000 bars in the tri-state area. After being forced to shut down and losing money since the pandemic, the Court Supervised team was able to help the company and its principals by resolving obligations to the landlord and secured creditor, and getting maximum recovery for creditors.

Halcyon Pharmacy

After several years of running a successful neighborhood pharmacy catering both to the local population as well as mail order, the company was faced with a big box retailer opening at the same center forcing it to close its doors. The Court Supervised team took over the company and quickly were able to shut down the operation in accordance with state compliance guidelines. This included disposing of controlled inventory, working with state agencies, filing the proper forms and preserving records. The principal was able to move on with a new line of work. Creditors who filed a claim were paid in full.

Cedar Grove Wine & Liquors

In business for close to 30 years, the principals at Cedar Grove Win & Liquors were ready to end the partnership with some retiring and others moving on to other businesses. The company however still had term on their lease as well as vendor debt, outstanding loans and employee obligations. The Court Supervised team was able to alleviate all of their concerns in a quick and efficient manner resulting in full satisfaction of its obligations.

Platinum Fitness

Located in a vibrant neighborhood shopping center, this 30,000SF privately owned single gym was preparing to shut its doors after unsuccessfully marketing the gym for sale. With over 20 years of business under its belt and over 6,000 members, the Court Supervised team was able to relieve the liabilities of the company including employee obligations by restructuring and selling the assets and the lease to a major franchise operator that owned over 15 gyms in the region. The Court Supervised team reached a deal with the landlord and provided it with a payment toward its claim.

Structural Solutions

This construction firm specialized in structural moving, masonry, repair and demolition work. They operated multiple construction yards with outside storage for their trucks and equipment used in the business. The Court Supervised team handled the closure of the business from A to Z, including taking over all the obligations of the business, returning leased assets to lenders, premises to landlords, and filing final tax returns.

ARC Entertainment

This independent film & television company distributed, produced and acquired content. Through the company’s robust digital and physical distribution platforms, ARC Entertainment monetized content through Theatrical, Television, and Home Entertainment distribution windows in domestic and international markets. Founded in 2010, ARC Entertainment achieved exponential growth with over 110 new title releases. The company needed to monetize its assets and restructure its obligations. The Court Supervised team came in quickly and was able to get the principals off its obligations and sell the company to satisfy its creditors. Secured creditors received a pro rata distribution on their claims.

Recent Clients We Have Helped

Folksbier Brewery

Located in the Carroll Gardens neighborhood of Brooklyn, New York, Folksbier had been brewing traditional European beer styles since 2014. The Folksbier Tasting Room opened in January of 2017 and became a destination for beer lovers and families alike, with seven rotating tap lines that feature their most fresh selections brewed on premise. The company self-distributed to over 1,000 bars in the tri-state area. After being forced to shut down and losing money since the pandemic, the Court Supervised team was able to help the company and its principals by resolving obligations to the landlord and secured creditor, and getting maximum recovery for creditors.

Halcyon Pharmacy

After several years of running a successful neighborhood pharmacy catering both to the local population as well as mail order, the company was faced with a big box retailer opening at the same center forcing it to close its doors. The Court Supervised team took over the company and quickly were able to shut down the operation in accordance with state compliance guidelines. This included disposing of controlled inventory, working with state agencies, filing the proper forms and preserving records. The principal was able to move on with a new line of work. Creditors who filed a claim were paid in full.

Cedar Grove Wine & Liquors

In business for close to 30 years, the principals at Cedar Grove Win & Liquors were ready to end the partnership with some retiring and others moving on to other businesses. The company however still had term on their lease as well as vendor debt, outstanding loans and employee obligations. The Court Supervised team was able to alleviate all of their concerns in a quick and efficient manner resulting in full satisfaction of its obligations.

Platinum Fitness

Located in a vibrant neighborhood shopping center, this 30,000SF privately owned single gym was preparing to shut its doors after unsuccessfully marketing the gym for sale. With over 20 years of business under its belt and over 6,000 members, the Court Supervised team was able to relieve the liabilities of the company including employee obligations by restructuring and selling the assets and the lease to a major franchise operator that owned over 15 gyms in the region. The Court Supervised team reached a deal with the landlord and provided it with a payment toward its claim.

Structural Solutions

This construction firm specialized in structural moving, masonry, repair and demolition work. They operated multiple construction yards with outside storage for their trucks and equipment used in the business. The Court Supervised team handled the closure of the business from A to Z, including taking over all the obligations of the business, returning leased assets to lenders, premises to landlords, and filing final tax returns.

ARC Entertainment

This independent film & television company distributed, produced and acquired content. Through the company’s robust digital and physical distribution platforms, ARC Entertainment monetized content through Theatrical, Television, and Home Entertainment distribution windows in domestic and international markets. Founded in 2010, ARC Entertainment achieved exponential growth with over 110 new title releases. The company needed to monetize its assets and restructure its obligations. The Court Supervised team came in quickly and was able to get the principals off its obligations and sell the company to satisfy its creditors. Secured creditors received a pro rata distribution on their claims.

Alleviate debt and either close or restructure your business quickly and efficiently!

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