Case Studies

Receivership of Vacant Retail Buildings

J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida

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Home·Receivership of Vacant Retail Buildings

The Situation

A set of vacant single-user retail buildings in Long Beach, California.

How We Advised

Our experts served as State Court Receiver and successfully sold the property above list price by:

  • Working with the City to clear all code violations and liens.
  • Filing all required motions to seek and attaining court approval for the sale, free and clear of liens.
  • Working with the US Attorney to clear the federal lien and with the title to deliver the property free and clear of liens to the buyer.
  • Maximizing sale price by finding and hiring the best-in-class agent who procured multiple offers.

Related Practice Areas

> Receiverships 
Federal and state courts, creditors, and legal counsel choose our team to serve as Receiver of distressed businesses and real estate entities. We stabilize operations and cash flow, safeguard business assets, and pursue methods to maximize financial recovery. Our multidisciplinary team applies a wide breadth of restructuring and industry experience as Receiver to take control of companies facing financial, operational, and legal issues. 
 

 

> Solutions for Distressed Situations 
We deliver integrated solutions for distressed and insolvent businesses that maximize recovery, mitigate risk, and restore enterprise value. Our experts are retained to help distressed organizations stabilize operations, protect stakeholder interests, and execute turnaround strategies. We take an operationally-focused approach that looks beyond the balance sheet to minimize further degradation and build a path to sustainable growth. 

Key Contact

For additional information about the engagement or to learn more about our services, contact:

Our Experts