As my dear father said all things are solvable, some with money some with a two by four.
I think they may not be in compliance with their representations in the JV agreement - they are in default in Nevada with the Secretary of State - they are to qualified to do business in Illinois - they are in default of material agreements (i.e. debt agreements).
All of those are solvable with money. hey just have to do something to make that happen.