Welcome to Marcher Consultants

Marcher Consultants was originally organized in 1991 by its founding members, Steve Wexler and Marie Wexler, both of whom are still actively involved in the day-to-day administration of the company’s activities.

Since its inception, Marcher’s professionals have been providing consulting services in the following areas:

• Financial Turn-around Management and Debt Restructuring

• Chapter 11 Bankruptcy Plan Development and Implementation  

• Chapter 11 Bankruptcy Financial Administration

• Expert Witness Testimony/Litigation Support 

• Court Appointed Examiner and Receiver Cases

• Surrogate Chief Financial Officer  

• Corporate Due Diligence and Forensic Investigations

Marcher has developed strategic plans for the financial rehabilitation of a wide range of operating businesses and developers in the real estate industry. 

Our professionals have worked closely with members of the Northern Virginia Bar in the development of Plans of Reorganization and Disclosure Statements, many of which have been confirmed by the US Bankruptcy Court.  Steve Wexler has been appointed as an Examiner in Chapter 11 bankruptcy cases before Judge Teel in the District of Columbia Bankruptcy Court and Judge Bostetter in the Eastern Virginia District of Virginia Bankruptcy Court.  He was also appointed as the Court-approved Financial Advisor to the Chapter 11 Bankruptcy Trustee in a case before Judge Mayer in the Eastern District of Virginia (Alexandria Division) which involved a multi-asset real estate portfolio.  In addition, we have provided expert testimony in the Alexandria (VA) Division, the Norfolk (VA) Division, the Greenbelt (MD) Division, and the Tampa (FL) Division of the Bankruptcy Court.  Steve Wexler has also been engaged as an expert witness in cases before the Prince William County and Fairfax County Circuit Courts as well as the Federal District Court in Alexandria, VA ).  He has provided expert witness testimony in matters related to bankruptcy plan feasibility and financial projections, interest rate assumptions, cash collateral issues, bankruptcy preference payments and unauthorized transfers analyses and the process of real estate development and brokerage.

During 2005, Steve Wexler completed an appointment by Judge Mitchell in the Eastern District of Virginia (Alexandria Division) as a Plan Administrator in the Chapter 11 Bankruptcy Case of Han Swyter (Case No. 00-12759-SSM).  The assignment included the orderly liquidation of a five (5) building flex-industrial portfolio and the distribution of the proceeds of liquidation to numerous partners in five (5) limited partnerships.  During the hearing at which the Final Report was presented, the Court specifically noted the timely and cost efficient results which had been achieved. 

During 2006 Judge Horne of the Loudoun County Circuit Court appointed Steve Wexler to serve as Receiver for several limited liability companies that own approximately 125 acres of residentially zoned (3-acre) land in Loudoun County which was encumbered by a First Deed of Trust held by Virginia Commerce Bank.  The members of the LLC’s were engaged in intra-company disputes which had unfortunately diverted their attention away from the primary goals – approval and recordation of the subdivision plat, sale of the resultant lots and repayment of the secured creditor.  Since Marcher's appointment a settlement agreement was negotiated between the members of the LLC’s and their primary creditors and Loudoun County has issued technical approval of the subdivision.  Recordation of the subdivision plat will be achieved during 2007 allowing us to move toward orderly liquidation of the subdivided lots.

While the majority of our work has been Debtor-related, there have been instances where we have been engaged to represent Creditors’ interests.  Specifically, we were engaged as an expert witness for Bethlehem Steel in the chapter 11 bankruptcy case of Atlas Machine & Iron Works, a case in which Bethlehem ultimately prevailed. We were engaged by Wachovia Bank to coordinate the non-judicial liquidation of a Borrower.  We were also engaged by a Bethesda (MD) bank with respect to the administration and oversight of a significant line of credit borrower during a Chapter 11 bankruptcy.  Asset-based Lenders such as Presidential Financial of the Chesapeake (Baltimore , MD), Federal National Payables (Bethesda, MD) and Wells FargoBusiness Credit (fka Commerce Funding Corporation of Tysons Corner, VA) have requested our involvement in matters related to their borrowers.  In addition, we have been engaged by several creditors’ committees in chapter 11 cases.

Our engagements have typically included review and analysis of historical and present financial performance to establish conclusions and recommendations regarding viability and continued business operations.  Our conclusions are presented in the form of an operating business plan against which future operations can be measured.

We also have been engaged to provide financial oversight and administration services for profitable operating companies – the role of Surrogate Chief Financial Officer.  These engagements have included responsibility for general ledgers, coordination of payroll processing, financial reporting and planning, development of institutional banking relationships, administration of on-site accounting staffs, oversight for fringe benefit and insurance programs and other tasks as requested.  We currently serve as Chief Financial Officer for Securiguard, Inc. (McLean, VA), USEC Service Corporation (Falls Church , VA), The Chesapeake Center, Inc. (Springfield, VA), Project Developers, Inc. (Dulles, VA) and Castle Concrete Corporation (Manassas, VA).