Kapila & Company was engaged as accountants to the Official Committee
of Unsecured Creditors of this real estate and construction partnership
involved in the development and sale of single family luxury homes. We
assisted the Committee as financial consultants to monitor the financial
operations of the Debtor as well as financial and tax matters relating
to the preparation of the Plan of Reorganization and Disclosure Statement.
We traced flows of assets to the party "benefiting" therefrom.
We also investigated insider relationships and voidable transactions,
and developed the proof of insolvency for fraudulent transfer litigation.
Following confirmation, the Committee selected
Soneet R. Kapila to be the Post-Confirmation President and CEO of the two corporate
general partners of G-Site to implement the Liquidating Plan of Reorganization.
He oversaw the construction of all remaining homes and pursued causes of action
to recover monetary assets. He vigorously litigated causes of action against
several creditors to maximize distribution to the remaining constituents.
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.
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
ALBERTO DUQUE AND DOMINO INVESTMENTS,
Soneet R. Kapila acted as "special
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.
AMERICAN WAY SERVICE CORPORATION – liquidating
THOMAS ALOYSIUS WARMUS – liquidating
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.