• Thi Tra

    Thi Tra Rejoins HSSK as a Manager in the Firm’s Houston Office

    HSSK is pleased to announce Thi Tra has returned to the professional services firm as a manager in the company’s Houston Dispute Advisory and Forensics practice. In her new role, Tra carries out complex analyses and prepares comprehensive presentations relating to various client engagements. A certified public accountant and fraud examiner who also maintains certification in financial forensics, Tra brings valued experience to her position. Past work includes time as an audit associate for Ernst & Young Vietnam, and a prior senior associate position with HSSK. Most recently, Tra served as… Read More
  • HSSK Welcomes Karl Weisheit to the Firm’s Dallas Office

    HSSK is proud to welcome Karl Weisheit as a director in the professional services firm’s Dallas office. Weisheit is a certified public accountant and valuation analyst who also maintains a certification in financial forensics. In his role with HSSK, he performs economic damage calculations and oversees litigation and business consulting practices. Throughout his career, Weisheit has concentrated his work in forensic accounting, economic damages, litigation services and business valuation. He has provided testimony as a forensic accounting expert witness on more than 60 occasions in federal… Read More
  • Equitable Distribution in Divorce: What is 50% of Your Business Interest Worth?

    During the divorce process, marital assets and liabilities must be divided between the parties through a process called equitable distribution. The values used for the marital assets and liabilities will be the fair market value as of the date of separation. The value of certain assets will be relatively easy to determine, such as a bank account or the marital residence. On the other hand, placing a value on a business interest is usually more difficult. Community vs. Separate PropertyIn community property states such as Texas, a business formed during the marriage with joint funds is… Read More
  • Business Interruption Losses — More than Just Math

    Preparing Your Company for Unexpected Halts The primary purpose of business interruption insurance is to protect an insured entity’s profits resulting from an insured event. To recover those lost profits, most claims utilize a damage model that documents the loss by first determining lost revenue, and then offsetting that amount with the associated save expenses or avoided cost. Although mathematically the model might appear straightforward and uncomplicated, in practice it requires more than crunching numbers. Businesses are becoming more complex, and that makes the need for effective… Read More
  • HSSK Launches Section 2704 Information Site

    When regulatory change has the potential to deal a financial blow to certain individuals — as is the case with proposed changes to Section 2704 of the IRS Code — those individuals want the facts. And at HSSK, we take pride in serving as an expert source for the information people need to prepare for the road ahead. Our team has developed a new webpage aimed at answering the important questions surrounding Section 2704. From a basic review of what that change could mean to individuals’ bank accounts, to where things stand in the process and even potential methods of protecting assets moving… Read More
  • Viewpoint: Proposed IRS rules threaten Austin businesses

    It’s never good economics to tamper with basic principles of valuation, family relationships and business planning. Not that that’s stopped the IRS in the past, but now the tax agency is trying to go so far over the line that they’re threatening one of the pillars of American society and commerce — the family business. View the full article at the Austin Business Journal Or, View the PDF .item-page .page-header h1 {display:none;} By Sonia Desai and Jared Jordan Read More
  • Livermore Consulting Group Joins HSSK

    HSSK is pleased to announce the recent acquisition of New Hampshire-based Livermore Consulting Group. In a merger which took effect Oct. 3, Livermore Founder Cyndi Livermore joined HSSK’s Dallas office. Livermore Consulting Group specializes in business valuation, economic damages and litigation support services, sectors which HSSK already serves. The transaction increases HSSK’s resources and provides expanded offerings to Livermore clients. “I’m very excited about what we’re doing,” she said. “I like complex valuations, the tax arena and litigation work, and I’m looking forward to growing… Read More
  • HSSK Welcomes Charles Dixon to the Firm’s Houston Office

    HSSK is pleased to announce Charles Dixon as a new member of the company’s Houston office. In his role as manager, Dixon aids members of HSSK’s Litigation Consulting department by preparing complex analysis prior to testimony or deposition. A certified fraud examiner and internal auditor, Dixon’s career includes more than two decades of accounting and auditing experience. Past work includes providing public accounting, operational and internal auditing services for a wide range of companies in the energy, manufacturing, construction and both the upstream and downstream oil industries. He has… Read More
  • HSSK to Sponsor Austin Young Lawyers Association Judicial Reception

    HSSK is a proud sponsor of the Austin Young Lawyers Association’s 18th Annual Evening with the Judiciary. This September 15 event presents young legal professionals a unique opportunity to come together in a relaxed social setting with federal, state and local judges — judges they will likely work with throughout their careers. HSSK applauds the fine work these up-and-coming individuals put forth each day, and looks forward to the many benefits they will bring to the legal community..item-page .page-header h1 {display:none;} Read More
  • Travis J. Casner, CFE

    Travis Casner Named a Manager in HSSK's Austin Office

    HSSK is proud to name Travis Casner a manager in the firm’s Austin office. In his new role, Casner will continue to focus on dispute advisory and financial forensic services on various client engagements. A certified fraud examiner with more than six years in the industry, Casner brings a wealth of knowledge to HSSK. His past experience includes work as a managing consultant with Navigant Consulting, Inc., guiding clients through the financial and accounting aspects of the litigation and investigative processes, including quantifying damages. He brings a diverse skill set, having regularly… Read More
  • Marc Schwartz

    Marc Schwartz Elected to National Exchange Club Foundation Board

    HSSK President Marc Schwartz was elected to the National Exchange Club Foundation’s board of trustees during the organization’s national convention, which spanned July 14-16 in Houston, Texas. Schwartz, who has volunteered with The National Exchange Club for 16 years, said it was the group’s dedication to work at the community level — and its National Project, the prevention of child abuse — that led him to pursue a leadership position. “There are groups that talk about making a difference, and there are groups that actually take the necessary steps to make it happen,” he said. “I’m proud to… Read More
  • Curt Germany Jr.

    HSSK Welcomes Curt Germany Jr. to New Role in Dallas Office

    HSSK is pleased to announce that Curt Germany Jr. has joined the firm as managing director of business valuation in the company’s Dallas office. In his new role, Germany will focus on business development and project management, and will be instrumental in recruiting and maintaining high-caliber professionals to build out HSSK’s Dallas team. A Certified Valuation Analyst and Dallas native, Germany brings more than two decades of trusted experience to the company. He began his career with Fidelity Investments, where he served as a trader and manager of mutual fund operations. After graduate… Read More
  • Greg Schuelke

    HSSK Houston Office Welcomes Greg Schuelke as a Director

    HSSK is proud to announce that Greg Schuelke has joined the professional services firm as a director in the company’s Houston office. In his new role, Schuelke will serve as a leader in the Dispute Advisory and Forensics practice, and an expert witness for attorneys during litigation. He will also assist corporations and insurance companies with their forensic needs pertaining to accounting records. A certified public accountant, fraud examiner and valuation analyst who is also certified in financial forensics, Schuelke brings nearly 30 years of experience to HSSK. His past work includes… Read More
  • Hill Johnson

    HSSK Welcomes Hill Johnson as Dallas Director of Business Valuation

    HSSK is pleased to welcome Hill Johnson as director of business valuation in the firm’s Dallas office. In his new role, he will focus on serving business valuation and litigation consulting clients. An accredited senior appraiser with the American Society of Appraisers, Johnson joins HSSK with more than a decade of industry experience. His career includes over 300 business valuations across a wide range of specialties, including but not limited to estate planning, buy/sell transactions, commercial damages, intellectual property, marriage dissolution and shareholder disputes. Past work… Read More
  • Robert Ling

    HSSK Welcomes Robert Ling as Houston Senior Managing Director

    HSSK is pleased to announce Robert Ling has joined the firm as a senior managing director in the firm’s Houston office. In his new role, Ling provides valuation consulting assistance for a range of specialties, including financial and tax reporting, transactions and dispute advisory. A Dallas native with close to 30 years in the industry, Ling brings a depth of knowledge to HSSK. Past experience consists of time as regional leader for Deloitte’s Eastern European valuation practice, and an extensive background in financial, accounting and valuation work. Most recently, the University of North… Read More
  • Outlook: Texas Bankruptcies to Increase, But Not Be as Bad as 2008

    Excerpt from Interview — Texas bankruptcy lawyers expect bankruptcy filings and restructuring activities to increase by an average of 30 percent in 2016, according to a new survey by Houston-based financial consultancy HSSK LLC. Read More
  • Effect of Texas Energy Patch Woes Spreading

    Excerpt from Interview — Texas bankruptcy attorneys expect business bankruptcy filings and restructurings to increase 30% in 2016, according to a sampling of the state's bankruptcy practitioners by Houston-based business valuation, litigation, consulting and financial restructuring firm HSSK LLC. Read More
  • HSSK Announces Corporate Partnership with the Austin Bar Association

    HSSK is pleased to announce a recent corporate partnership with the Austin Bar Association. Read More
  • Banks “Finally Found Religion” at $30 Oil, Lawyers See Wave of Bankruptcies

    Excerpt from Interview — Bankruptcy paperwork could pile up high in Texas this year if the oil downturn keeps the pressure up on everything from oil drillers and trucking companies to hotels and caterers near the oil patch. Read More
  • Bankruptcy Attorneys Expect Increase in Bankruptcies from Oil Price Drop

    Excerpt from Interview — Texas bankruptcy attorneys expect business bankruptcy filings and restructurings to increase 30 percent this year. Read More
  • Texas Attorneys Expect 30% Rise in State’s Business Bankruptcies & Restructurings in 2016: HSSK

    Increase driven by low oil & gas prices; no recovery seen until after 2018 HOUSTON, Feb. 2, 2016 – Texas bankruptcy attorneys expect business bankruptcy filings and restructurings to increase 30% in 2016, according to a sampling of the state's bankruptcy practitioners by Houston-based business valuation, litigation consulting and financial restructuring firm HSSK LLC.The bankruptcy attorneys' forecasts ranged from business filings remaining flat in 2016 to a 100% increase, and averaged a 30% rise. In addition, a majority (60%) expect the number of individual bankruptcy filings to be unchanged… Read More
  • In Response to Growth in Austin, HSSK Moves to New Office

    Austin, Texas – November 16, 2015. HSSK, LLC, a Texas firm offering business valuation, litigation consulting and financial restructuring services for over 40 years, is expanding its presence in Austin by moving to a larger office located at 327 Congress Avenue, Suite 200. Since HSSK entered the Austin market in 2013, the firm has experienced strong growth in Austin and throughout the state of Texas. The strategic move to a larger Austin office will enable the firm to better serve clients, both national and international, provide room for continued growth in the future, and demonstrate HSSK’s… Read More
  • EXPERT INSIGHT: Low Oil Prices May Cause US Financial Restructurings

    Houston (Platts)--30 Sep 2015 553 pm EDT/2153 GMT Excerpt from article "We're looking right now at a default rate that is twice what it normally would be," Marc Schwartz, principal of financial restructuring specialists HSSK, said. "My concern is that it will be very widespread." Defaults "could easily triple" from the normal rate, Schwartz said. "My fear is that it's the 1980s all over again." Nearly 25 years ago, oil prices tanked -- they then hovered in the high $20s-low $30s/b. The reason then, as today, was that a surplus of global output levels. Crude prices took at least five years to… Read More
  • EXPERT INSIGHT: U.S. Shale Drillers Are Drowning in Debt

    Excerpt from Interview Most shale companies can't make money at Goldman's $50 price forecast. With less demand now from investors for new shares or debt, producers face a handful of grim choices. Those that opt for bankruptcy or debt restructuring are likely to slow drilling, said Marc Schwartz, a partner at consultant HSSK LLC who works on energy bankruptcy and debt deals. "The wells that are producing will keep producing because they can still sell the oil for more than it costs to shut them in," he said. "But in the shale plays, which need constant new drilling to keep output high, some… Read More
  • HSSK and Nouvelle Analytics Enter Affiliation Agreement

    HSSK and Nouvelle Analytics can now offer full suite of litigation services to clients throughout the state of Texas HSSK and Nouvelle Analytics are pleased to announce an affiliation agreement between both firms. Nouvelle Analytics is an independent consulting firm specializing in the valuation and licensing of patents and other intangible assets, and will complement the full litigation and business valuation services that HSSK already offers. The affiliation will enable both firms to offer a full suite of highly-skilled and highly-experienced consultants to their clients throughout the… Read More