In separate engagements, Wilshire Partners saved two $400+ million automobile dealership groups from threatened bankruptcy. Wilshire Partners services include negotiation of forbearance agreements with floorplan lenders, management and stabilizing daily business operations, and establishment of critical relationships with lenders, customers, warranty providers, suppliers, and employees.

Wilshire Partners also provides a broad range of services in connection with auto dealership litigation. Wilshire Partners has served as consulting expert using financial and economic analysis to support legal positions. Wilshire Partners also provides expert witness services with respect to auto industry litigation including dealership disputes and litigation regarding floorplan financing.

Wilshire Partners has provided real estate management services to clients in a wide variety of industries. Wilshire Partners served as CRO for a large shopping mall in Koreatown and as Chapter 11 Trustee for a debtor with over 100 property interests across the country. Wilshire Partners has also managed the real estate associated with hotels, automobile dealerships, petroleum distributors, churches, construction contractors, and bussing companies.

As the owner of a chain of hair salons, Wilshire Partners is also well versed in leasing issues from the tenant perspective facilitating smoother landlord-tenant negotiations.

As Chapter 11 Trustee, Wilshire Partners managed and reorganized two California hotels while negotiating with secured creditors for a consensual reorganization plan. Wilshire Partners managed the real estate and day to day operations of the hotels improving the average daily rate and RevPAR consistently over a two-year period. Wilshire Partners also managed a zipline business and a mountainside wedding and reception business as Chapter 11 Trustee.

Richard Laski is also an owner of a chain of hair salons in upstate New York named Bangs. As a business owner himself, Richard understands the issues and struggles of business owners and can provide practical guidance that is unique among financial advisors.

Prior to founding Wilshire Partners, Richard Laski served as the CEO of a $100+ million publicly traded international machine manufacturer in upstate New York. In his CEO role, Richard stabilized and sold the active manufacturing business while managing the company’s relationships with customers, suppliers, lenders, and employees throughout the process.

Wilshire Partners also has extensive manufacturing experience in the optical equipment and hardware industries. Wilshire Partners is well versed in the complexities of manufacturing cost calculations and overhead allocations. Wilshire Partners has also worked with management on union negotiations with UAW and managed factory expansions, factory closures and the purchase and sale of active manufacturing businesses.

As CRO in Los Angeles, Wilshire Partners managed the day-to-day operations of a distressed hardware manufacturer throughout the Chapter 11 process. Wilshire Partners sold the active business to a competitor in a three-party auction generating outstanding returns for creditors and saving 100% of the manufacturing jobs.

In an engagement as Provisional Director of an international importer and distributor, Wilshire Partners acted as Interim CEO while negotiating with two 50/50 business owners who were in heated litigation against each other. Using the conference room instead of the courtroom, Wilshire Partners was able to stabilize the business, negotiate a consensual buyout agreement, and assist the buying partner with the required financing.

Wilshire has also served as Chapter 11 Trustee and Interim CEO for a sport nutrition distribution business. The business was on the brink of collapse until Wilshire Partners renegotiated the import and distribution agreement with the company’s primary supplier in Sweden. With a tangible supply contract in place, the business was able to find interested buyers and the business was successfully sold.

Wilshire Partners served as the Chapter 11 Trustee and Interim CEO for a large bussing company in upstate New York. In this role, Wilshire Partners immediately stabilized the struggling business and identified three buyers to separately purchase the company’s luxury, medical, and school transportation sectors. The resulting three sales saved the entire business and all the employee jobs while providing an outstanding and unexpected return to the company’s creditors.

Wilshire partners also served as the Chapter 11 Trustee for a hardware distribution business and managed the business through the Chapter 11 process.

Wilshire Partners has served as Chapter 11 Trustee and Interim CEO for two separate southern California petroleum distributorships. In each case, Wilshire Partners has stabilized the underlying business, managed relationships with key stakeholders, upgraded the financial reporting, and reorganized the business. Each case required an understanding of the unique regulations, operating issues and financial challenges of operating a business in the petroleum distribution industry.

Wilshire Partners served as the Chapter 11 Trustee and Interim CEO of a struggling mega-church in the Koreatown section of Los Angeles. The successful reorganization required multiple person-to-person meetings with four separate church factions, each involved in heated litigation for control of the church and the related real estate. Wilshire Partners conducted meetings in the conference room instead of the courtroom and secured a consensual resolution resulting in funding for four separate smaller churches and full payment to all creditors of the debtor mega-church.

Richard Laski has also served as a board member and finance council member for high schools, grammar schools and multiple churches in upstate New York and southern California. His hands-on experience dealing with the financial and organizational difficulties of non-profit organizations enables him to bring practical and cost-effective solution to the table when needed most.

Wilshire Partners has served as Chapter 11 Trustee and Interim CEO for a large Coachella Valley building construction contractor. The business was on the brink of collapse until Wilshire Partners stabilized the daily operations, negotiated a forbearance agreement with the primary lender and negotiated terms to retain key employees. Each contract was analyzed to determine future cash flow and profitability enabling the company to sell or assign existing contracts where appropriate. Wilshire Partners worked closely with customers, suppliers, lenders and employees to facilitate a consensual restructuring of the business minimizing litigation costs and maximizing the return to creditors.

As Financial Advisor for a road construction subcontractor, Wilshire Partners assisted the business owners with renegotiating a buy-sell agreement and renegotiating the financing terms with the company’s largest lender enabling the business to return to profitability after a chaotic period of losses and negative cash flows.

Wilshire Partners has served as the bankruptcy Examiner for a Malibu rehabilitation center. In this role Wilshire Partners worked with management to organize and improve the company’s financial reporting and cash flow forecasting. The enhanced financial reporting enabled Wilshire Partners to work with management to refocus efforts on core business sectors and profitable services while maintaining the highest quality standards.