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
