Douglas Wilson Companies (DWC) is providing accounting services for the assigned Trustee.

Project Description

A provider of investment and insurance products to a network of physicians.

Scope of Work

DWC has administered a complete analysis of all revenues and expenses of Xelan’s entities since its bankruptcy. DWC is performing a true-up and separation of multiple commingled accounts between the estate and the operator of the business, who was acting under a Business Asset Preservation Agreement. Throughout the process, DWC has managed the depositing of cash receipts, completion of source and application of fund schedules as well as financial reporting to the Trustee. DWC assisted the Trustee during the sale of Xelan by providing an accurate accounting and separation of the operating results of the various entities involved.

Project Resolution

Ongoing.

Project Name

Xelan

Client

United States Bankruptcy Court, Southern District of California

Location

CA

Service Provided

    Douglas Wilson Companies was founded in 1989 to provide a wide range of specialized business, workout, and real estate services to law firms, state and federal courts, corporations, partnerships, pension funds, REITs, financial institutions, and property owners throughout the United States.

    ADDRESS

    1620 Fifth Avenue
    Suite 400
    San Diego, California 92101

    PHONE

    (619) 641-1141

    EMAIL

    info@douglaswilson.com