Development Specialists, Inc.

Daniel Stermer was featured in The Real Deal's article "Receiver Takes Over Embattled Pembroke Pines Condo Complex." Stermer has been appointed receiver for Heron Pond Condo Association in Pembroke Pines, FL. "The priorities are getting our arms around the property, around the association, understanding its status, and we will report to the court what our initial findings are and take those steps necessary to continue,” Stermer said.  Read the full article: https://lnkd.in/g8GJpasx

DSI President & CEO, Bradley Sharp, will be speaking on the upcoming panel "Cross Border Cooperation Between Foreign Insolvency Practitioners" at the ThoughtLeaders4 FIRE | TL4FIRE conference in the Cayman Islands on June 6, 2024. Sharp will be joined by Howard Fischer (Moses & Singer), Scott M. Berman (Friedman Kaplan), and David Castleman (Otterbourg). Use the 10% promotional code FASPK24 to book your FIRE Americas: Cayman attendance at a reduced rate: https://lnkd.in/dkdYZt8i #FIREAmericas #Cayman #FIRE #TL4 Team: Paul Barford, Chris Leese, Danushka De Alwis, and Ben Sullivan

Please join Matt Sorenson at the upcoming panel “In a World Full of Bankruptcy, What Alternatives Exist?” at the AIRA’s 40th Annual Bankruptcy & Restructuring Conference on Friday, June 7th.   Matt Sorenson will be joined by Laura Davis Jones (Pachulski Stang Ziehl & Jones), Neil Gupta (SSG Capital Advisors), and Geoff Winkler (American Fiduciary Services, LLC).   In this session, the panelists will discuss the ins and outs of wind-down alternatives and important key distinctions that factor into the decisions on which alternative to pursue. The panel will also cover several key topics: the growing popularity of the assignment for the benefit of creditors compared to Article 9 actions, considerations involved in choosing the venue and forum for wind-down alternatives, and the advantages of receiverships, including how bankruptcy is managed within such arrangements. The learning objective of this session is for the attendees to depart with the understanding of the full range of alternatives and the "roads" often not taken. Click the link below for more information. https://lnkd.in/gHQwjr9r

Steve Victor was quoted in the Modern Retail article, “Why more brands are pursuing an Assignment for the Benefit of Creditors” — He discusses the growing trend of brands turning to Assignments for the Benefit of Creditors (ABCs) amid challenging economic times. #bankruptcy #turnaround

Get to know all the incredible CRA members! Meet Rebecca DeMarb, Partner at Swanson Sweet LLP, based in Madison, WI and we also need to mention she is our Wisconsin State Director. If you're in the Milwaukee area next week stop in for our Wisconsin Happy Hour on 4/18. A few fun facts about Rebecca: 📢 Rebecca wears multiple hats where in some cases her role is as an attorney and others she is the receiver. 📢 From 2021 to 2024, DeMarb was full time as a Senior Managing Director with DSI (“Development Specialists, Inc.”), where she served as a fiduciary on the consulting side and, in doing so, both expanded and rounded out her fiduciary practice. Rebecca continues as a strategic partner with DSI. 📢 There are very few industries that Rebecca has not worked in including industry experience in hospitality, international receiverships, manufacturing, service businesses, construction, food and beverage manufacturing, intellectual property, c-stores, retail, e-businesses, dealerships, medical technology, all types of real estate, healthcare, agriculture, and more. 📢 Rebecca is currently active in several interesting cases including: 💡 An operating grain farm, largely organic, covering two states and over 21,000 acres. 💡 An operating hotel/restaurant/golf course/event space in Northern Wisconsin. 💡 Liquidation of an international group of corporations including sales of German and Asian subsidiaries, extensive IP, ERISA and tax issues, and the auction of assets at and winddown of Maquiladora, a factory in Mexico that operated under preferential tariff programs established and administered by both the US and Mexico. 💡 A unique 1200-acre contiguous parcel of land within a hour of Chicago with a variety of development possibilities. Become a member today, and network with all our CRA members, at https://lnkd.in/diFuB_AV #commercialreceivership #receivership #receiverships #insolvency #turnaround #turnarounds #turnaroundmanagement 💡

The DSI team (Mark Iammartino and Rebecca DeMarb) had an amazing experience witnessing the solar eclipse with everyone at the Turnaround Management Association event in Grand Rapids this past Monday. Can you spot the DSI-branded eclipse glasses?   #eclipse #TMA #turnaround

DSI is pleased to announce the relocation of its South Florida office to the Broward Financial Center at:   500 East Broward Boulevard Suite 1700 Fort Lauderdale, Florida 33394

Get to know all the incredible CRA members! Meet Daniel Stermer, Managing Director of Development Specialists, Inc., based in Fort Lauderdale (an easy trip for him to our conference this year and he'll be speaking on our What to Include in a Receiver's Report to Court panel). A few fun facts about Daniel: 📢 Daniel has been with DSI for 15 years now where he has been appointed by Federal and State Courts as fiduciary to liquidate a variety of businesses and as trustee. 📢 Prior to DSI Daniel spent 9 years with Lewis B. Freeman & Partners. 📢 Daniel is currently the Receiver in a matter styled: State of Florida Office of Financial Regulation v. National Senior Insurance, Inc. et al. A few notes on this case include: 🎵 Daniel has commenced 5 supplemental proceedings to recover fraudulent transfers against certain Advisors who sold and/or serviced the Noteholders who purchased these Notes over the years. 🎵 There have been over 1,600 claims filed in this case totaling more than $375 million. Become a member today at https://lnkd.in/diFuB_AV #commercialreceivership #receivership #receiverships #insolvency #turnaround #turnarounds #turnaroundmanagement

Please join us in congratulating our newly promoted staff members. James Romey has been elevated to Managing Director and Richard Schuch has been promoted to Director. https://lnkd.in/g_XJt_8X

Development Specialists, Inc. (DSI) announced a new ownership structure following the death of its founder, William A. “Bill” Brandt Jr. who had owned 100% of the financial consulting and turnaround firm. Prior to his passing in 2023, Brandt created a leadership succession plan ensuring DSI will continue operating with its talented and experienced group of professionals who serve clients from seven offices throughout the U.S.   Click the link below to read the press release.   https://lnkd.in/gPc5-JCC