Qualified by the U.S. Bankruptcy Court, Eastern District of Virginia – Alexandria Division, as an expert witness in real estate finance, asset management and valuation.
Serves as a Chapter 7 and 11 Bankruptcy Trustee, State Court-Appointed Special Receiver, State Court Trustee as Assignee for Benefit of Creditors, and Asset Manager for Trustees and Secured Creditors. Member in Turnaround Management Association (U.S.).
Some of our qualifications include:
State Court Trustee as Assignee for Benefit of Creditors, and Asset Manager for Trustees and Secured Creditors. Member of the Turnaround Management Association (U.S.) for the past 15 years.
Recent Case Histories
Special Receiver, appointed by the US District Court, to assume the management and liquidation of the assets of the tenth largest electrical contractor in the United States, whose annual revenues previously exceeded $600 million.
Special Receiver for the real estate assets of an indicted investor. The major assets included a 171,000 SF shopping center, a full service car wash and lube center, and a community convenience center. Cumulative secured debt exceeded $16 million.
Chapter 11 Trustee in two jointly administered bankruptcy cases involving a wholesale food distribution company and the personal bankruptcy of the company’s owners. The total estimated amount of unsecured debt was over $100 million. The wholesale distributor was converted to a Chapter 7 case and substantially liquidated within 120 days. The personal case is ongoing with significant emphasis on asset liquidation. A regional shopping center was recently sold for $55.5 million, netted the bankrupt estate over $10.5 million.
Trustee under a Deed of Assignment for Benefit of Creditors in one of the largest assignee cases in the Mid-Atlantic Region for a residential development and construction company in Virginia, Maryland, and Delaware, with $200 million in secured debt and over $8 million in unsecured debt.
Plan Trustee under a secured lender's competing Chapter 11 bankruptcy reorganization plan. With an all cash stalking horse bidder for the mixed use real estate development, the lenders plan was confirmed over the installment sale proffered by the debtor. The property was auctioned in open court for $27.6 million, resulting in full recovery for the secured lender and excess cash of approximately $5.6 million for the unsecured creditors.
Retained by a community bank to evaluate its underperforming assets and appointed as Special Receiver to oversee and manage a mixed use residential development, including selling the residential lots and golf course.
Retained by a subsidiary of a national agricultural cooperative as senior consultant to advise and manage the resolution of its multimillion dollar portfolio of under-performing loans geographically dispersed from Michigan to Louisiana, and as well as along the East Coast.
Retained as consultant to counsel for two law firms representing individual debtors along with 13 limited partnerships and limited liability companies. The portfolio had an ascribed value of $135 million, comprised of office buildings, retail centers, apartments, land developments and other real estate operations.
Chapter 11 Trustee for a $50 million estate, comprised of direct investments in real estate, partnerships, corporations and land trusts.
Financial advisor and asset manager to the Chapter 7 Trustee in the Hooper bankruptcy. The ascribed value of the estate exceeded $25 million and consisted of apartments, office buildings, partnership interests, unimproved land and other investments.