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Force 10 Partners

An advisory firm specializing in corporate restructuring, challenged businesses, litigation, and other special situations.

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Engagement

PME Funds

Confirmation of Chapter 11 Plan of Reorganization

Residential mortgage investment fund.

Industries

  • Financial Services
  • Real Estate

Expertise

  • Assignment for the Benefit of Creditors
  • Bankruptcy Trustee Services
  • Chief Restructuring Officer
  • Corporate Restructuring
  • Custodian
  • Debtor Financial Advisor
  • Expert Witness
  • Fiduciary Services
  • Fund Advisory
  • Liquidating Trustee / Plan Agent

Force 10's involvement resulted in higher return to creditors/investors than fund sponsor status quo who was accused of ponzi-like behavior.

PME Mortgage Fund, Inc. began as a for-profit, sponsor led ‘investment club’ in the 1980s. The ‘members’ were loaning money to PME on an unsecured basis, and PME was then loaning investor capital on a first, 2nd, or 3rd lien basis. Through the years, PME foreclosed on many of its loans. The sponsor began to allegedly profit from the information and sophistication disparity among club members by purchasing Notes from PME at discounts, exchanging real estate, and restructuring investment terms — all in the name of providing liquidity to the investors/club members. Litigation ensured and Force 10 was retained as Chief Restructuring Officer and Financial Advisor to guide PME through a Chapter 11 orderly liquidation. F10 initially stabilized the administration and collection of notes, and then analyzed and determined projects to liquidate vs. complete, managed an orderly liquidation process of its REO portfolio, investigated transactions, and performed funds tracing to initiate and support breach of fiduciary actions and achieved settlements.
Force 10’s involvement resulted in Chapter 11 creditors receiving recoveries far exceeding creditors who liquidated prior to the Chapter 11.

Team members

Nicholas Rubin

Nicholas Rubin

Chad Kurtz

Chad Kurtz

Brian Weiss

Brian Weiss

Mike VanderLey

Michael VanderLey

Force 10

Track Record

Landmark Fence: Assignment For the Benefit Of Creditors

Read more »

VNA California: Confirmation of Chapter 11 Plan of Reorganization

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Frost Funds: Venture Capital Fund Management

Read more »
View more »

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I am grateful to have navigated the Chapter 11 process with Force 10.
Brian Cooper
YogaWorks

Let’s discuss your situation

Contact us for an objective, candid assessment of your situation and a conversation about how our expertise and track record of success could address your needs.

Contact Us

Force 10 Partners
Force 10 Partners
5271 California Ave., Suite 270
Irvine, CA 92617
949 357 2360
contact@force10partners.com
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