Bankruptcy Trustees & Receivers

Our lawyers have extensive experience both serving as and representing Chapter 11 and Chapter 7 trustees, as well as state court receivers.

Bankruptcy Trustees & Receivers

Chapter 11 Trustee Work

Representative matters involving bankruptcy trustees and receivers include:

  • Managed operations of large Palm Springs hotel for approximately eighteen months, arranged financing for convention center renovations, and contracted construction of tennis courts, allowing debtor to restructure ownership interest and fund a high percentage payment to creditors.
  • Operated hotel in Palm Springs, including restaurant and bar, for two years before negotiating sale and successfully confirming plan of reorganization.
  • Instituted process for converting Hollywood landmark hotel into senior citizen residential living.
  • Negotiated combination settlement with major creditor and sale of facility to that major creditor on behalf of Hollywood nightclub. Obtained confirmation of plan of reorganization which paid all creditors in full and returned substantial surplus to debtor.
  • Handled operation of two large mini-warehouse facilities with 500-700 units each. Sold facilities after raising occupancy factor to nearly 100%, paying all creditors in full and securing almost 70% back to investors.
  • Negotiated sale of Otter Pop product line and made substantial distributions to creditors as trustee for food packaging company.
  • As Chapter 11 trustee, successfully operated clothing production and wholesale company, obtained new financing, and confirmed plan of reorganization which allowed unsecured creditors to be paid in full.
  • Confirmed plan of reorganization as trustee for concrete and asphalt recycling facility, the products of which were used in the construction of highways.

Receiverships

Our firm is also home to state court receivers equipped to facilitate the completion of ongoing projects, the liquidation of shared assets, and the continuation of business operations amid disputes in ownership and management. Our previous work in receiverships has included:

  • Appointed by the Resolution Trust Corporation to continue hotel operations following foreclosure, pending acquisition of a permanent operator.
  • Served as receiver for completion and sale of Beverly Hills mansion.
  • Managed completion of construction and sale of tract of ten single-family homes in Sylmar, Los Angeles.
  • Operated California state historical site, including hotel, restaurant, and bar, while lender and citizens’ group sought mutually acceptable buyer.
  • Accumulated over $1 million in surplus funds as receiver for storage facility with over 700 units.
  • Appointed by secured lender to operate five thousand acres of cultivated farmland. Liquidated a portion of the property and effected settlement between disputing partners.

Chapter 7 Trustee Work

Two of the firm’s partners, Howard Ehrenberg and Elissa Miller, serve on the Chapter 7 Panel of Trustees for the Central District of California. To learn more about our work relating to liquidations, please see the Chapter 7 page here.

Lawyers to Contact:

To contact us in relation to our trustee and receivership services, please get in touch by calling the office at 213.626.2311 or by emailing the attorneys below.