Financial distress consultants must deal with the politics of an organization, its financial and operational circumstances and conflicting roles.

EHI frequently serves as a mediator to resolve differences between creditors’ committees, boards of directors, management teams, shareholders and even employees represented by labor groups. EHI maintains its leverage in these situations by focusing on one goal: the needs of the client.

We offer a mix of operational experience, a solid sense of strategy, financial acumen, decisiveness, and the ability to quickly put a strategy in place. Our team is a rare combination that creates a highly effective and efficient synergy.

Our founder and project managers are supported by staff who provide financial analysis and accounting expertise. Specific people are selected for each client to efficiently address the client’s specific situation and challenges.

Edward Hostmann, Founder

Edward has provided consulting services to firms in financial distress for almost 30-years and founded Edward Hostmann, Inc. (EHI) in 1991. He has served as a Bankruptcy Panel Trustee, Federal Receiver, State Court Receiver in Oregon & Washington and a Tribal Court Receiver. As an advisor, he has represented national financial institutions facing the prospect of loan losses from corporate borrowers. He has represented debtors and creditors in and out of bankruptcy.

His experience across a variety of industries includes retail, wholesale, distribution, manufacturing, agriculture, lumber, and mining. Edward has a degree from the University of Portland’s School of Business with a major in Finance.

Gregory A. Fletcher, CPA, Principal

Greg and his team at the accounting firm KBF CPAs LLP assist with all EHI projects in a financial advisory role that includes receivership cases, orderly out-of-court liquidations, Chapter 11 bankruptcies, and overall business restructurings. Financial advisory work related to these cases includes preparation of forecasts, operating and cash flow budgets, cash modeling for bank reporting, liquidation analysis, and overall business restructuring plans. KBF has partnered with EHI in a financial advisory capacity since 2012.

Greg was an Audit Senior Manager with KPMG prior to joining KBF as a partner in the Portland office in 2005. In addition to overseeing the main-line full-service audit practice in Portland, Greg heads the firm’s GAAP consulting practice, focusing on both publicly-traded and privately-held companies by assisting with technical accounting and SEC reporting requirements.

Greg has a BS in business administration with an emphasis in accounting from Portland State University and is a certified public accountant with licenses in Oregon, Washington, and California.

James R. Feehan , CPA (inactive)

Jim has served as a project manager on EHI engagements for over 10 years. He has successfully guided projects involving workout, restructurings, liquidations, and receivership. Jim has extensive experience in financial reporting, budgeting, modeling, and oversight of day-to-day business operations.

He began his career within the audit group at Coopers & Lybrand, an international CPA firm, in 1981. He worked with both publicly and privately-held entities in the areas of taxation and attestation, rising to a supervisory position in the audit and tax departments. Then, Jim went on to hold the position of CFO and controller for privately-held entities and provided financial consultation for numerous individuals and start-up entities. he also served as a Senior Vice President of Finance, Controller and Director of Tax for a $500 million privately held transportation company in the late 1990s.

Jim has a BS in business administration from the University of Nebraska at Kearney, and a Master of Taxation from the University of Denver. He is also a Certified Public Accountant and sits on the board of several association and charitable organizations.

Jim Keller, CPA

Jim has provided receivership project management services for many successful engagements involving workouts, restructurings, liquidations, and receiverships. Jim’s project management skills include operational management and assessment, safeguarding and maximizing asset value, and personnel management in crisis management situations.

He began his career with Price Waterhouse, and subsequently held senior financial executive roles with large privately-held companies in various industries. Jim’s senior-level positions have included chief executive officer, chief operating officer, chief financial officer, and corporate controller for companies with annual sales ranging from $6 million to $250 million.

Jim has a BS in both Psychology and Biology and a Masters of Taxation from Portland State University. He is also a Certified Public Accountant and Certified Fraud Examiner.