Dan B. Lain

This morning our distribution payment was received. I know how important your collaboration has been and I need to thank you very much for your help. We are a small family owned company and I don't know what would have happened without your help. With this payment we can look at the future in a more optimistic way.
- President & CEO of aeronautical parts producer

(We) settled today at mediation... Our side is very pleased with the terms of the resolution. (We) appreciate your help on this matter and believe the fact that you were working on our side - and opposing counsel knew and respected your abilities - was a factor in reaching the resolution.
- Attorney, Texas-based commercial litigation firm

The professionalism, commitment to detail and 24/7 approach demonstrated consistently by the Lain, Faulkner team helped solidify a victory for our client.
- Lead commercial litigation attorney

I wanted to express my appreciation for the efforts made by LainFaulkner in this chapter 11 case. All parties acknowledged that with proper cash management procedures, this could be a successful business. With your firm’s intervention, the trust was able to confirm a feasible plan. Without your firm’s intervention, this would have been a chapter 7.
- United States Trustee

LainFaulkner is my first choice as a trustee. They get to the heart of things fast, plan well, and then push hard for resolution and closure.
- Bankruptcy attorney

If you want to know, this splatter [graph] tells a lot to me … this chart I find fairly compelling …
- U.S. bankruptcy judge

I hire LainFaulkner because they do what they say they will do, when they say they will do it, at a reasonable price.
- Trustee, claims, preference and forensic services

I'm pleased with the results...for the cost and result...obtained in this one, this one hits it out of the park...I would be delighted to see this firm being used in other cases.
- U.S. bankruptcy judge

We have worked with LainFaulkner on many cases ...and they've always...given good value
- Bankruptcy attorney

From the Court's perspective, this is a textbook case illustrating how schedules and statements of financial affairs should be prepared.
- U.S. bankruptcy judge

The court has not detailed here the data from which Mr. French derived his numbers. Suffice it to say that his research was extensive and well-planned. The court is satisfied that his opinions are defensible under the most rigorous Daubert analysis.
- U. S. bankruptcy judge

They are great to work with and have this [claims resolution and preference analysis] down to a science. When all was said and done, the Trustee ended up with approximately a 50% distribution rate for unsecured creditors – much better than predicted early on in the case.”
- Attorney, user of claims and preference services

Professionals

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Managers:

Dan B. Lain

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Mr. Lain, founder of LainFaulkner, has practiced bankruptcy accounting and related disciplines for more than three decades. He has served as financial advisor to debtors and creditors’ committees, examiner in numerous bankruptcy cases, trustee in Chapter 11 and Chapter 7 cases, and post-confirmation trustee. Mr. Lain is recognized in the legal community for his ability to communicate effectively regarding critical issues, build consensus among disparate parties, formulate sound solutions to complex problems, and provide substantial returns to creditors.

Mr. Lain has served as assignee for benefit of creditors, federal court and contract trustee and state court receiver in cases involving highly complex legal and financial issues. In civil litigation cases, he has been an expert witness, testifying on such topics as lost profits and contractual damages. He also has consulted with companies on financial and operational matters.

Mr. Lain began his business career with a major accounting firm in Dallas, Texas, serving clients in the oil and gas industry. He is a Certified Public Accountant and Certified Insolvency Restructuring Advisor, with related memberships in the American Institute of Certified Public Accountants, the Texas Society of Certified Public Accountants and the Association of Insolvency and Restructuring Advisors. Mr. Lain is also a member of the National Association of Bankruptcy Trustees, the American Bankruptcy Institute, the National Association of Certified Valuation Analysts and the Turnaround Management Association. He holds a Bachelor of Arts in Economics with a minor in Accounting from Texas Tech University in Lubbock, Texas.

Click here to send an e-mail to Dan B. Lain or call him at 214-720-7214.

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