Advising Creditors Committee on Underwater Residential Real Estate
(Litigation Support) – Janas consultants acted as advisors to the creditor’s committee led by JP Morgan Chase involved in the bankruptcy of subsidiaries of Woodside Homes, a large residential developer. Scores of entities required unwinding, valuing and liquidating, often needing resolution of conflicting claims. A Janas consultant also acted as Trustee for the initial two bankrupt subsidiary groups, as well as several other related entities discovered during the consulting engagement. Recoveries to date have exceeded the initial expectations several fold.