Receivership

Overview

Our National Receivership Practice is recognized for our expertise in administrative, state, and federal receivership proceedings. Our experience spans a wide breadth of industries, ranging from manufacturing to auto dealerships; from food distribution to energy brokering; and from retail to real estate. Members of our team draw upon their experiences as receiver, as counsel to receivers, and as counsel to parties seeking the appointment of a receiver. We provide skilled representation in all aspects of receivership proceedings. Members of our National Receivership Practice are invited speakers and published authors on receiverships and related matters.

Each of our attorneys in the National Receivership Practice brings a wealth of knowledge to our clients. We draw upon this knowledge to:

Revive businesses from financial collapse
Assist in the stabilization and sale of ongoing business operations
Establish profitable operating practices
Liquidate collateral
Protect creditors and litigate, if necessary

Our attorneys have been involved in numerous business and asset sales, many of which have been court-approved, “free and clear” sales. The depth of our receivership experience has achieved successful outcomes for creditors, lenders, investors, and consumers.

Experience

KeyBank National Association v. Davenport Aid Propco, et al., Counsel to the Receiver of 24 senior living facilities located in 8 states (Federal Court).
The Huntington National Bank vs. Whistlestop Restaurant, Inc., et al, Dean E. DePiero as receiver, counsel to the receiver
MidCap Business Credit, Inc., and NXT Capital SBIC, LP v. Recellular, Inc., counsel to the receiver
Chase Capital Ventures, et. al. v. Dearborn Venture Capital, et. al., counsel to the receiver
Comerica Bank v. Lefta Enterprises, LLC, counsel to the receiver
Sabadell United Bank, N.A. v. Fask Realty LLP, counsel to the receiver
The Taylor Chair Company v. The Taylor Desk Company, Taylor Resource, etc., counsel to purchaser of assets free and clear of liens, claims and interests
Parkview Federal Savings Bank v. Maryann Enterprises LLC, et. al., counsel to receiver
U.S. Bank, N.A. v. Melvin Waxman, et al., Dean E. DePiero as receiver, counsel to receiver; receivership property included foreign property and equity interests in entities located in China and Hong Kong
The Huntington National Bank v. A.C. Products, Inc., et al., counsel to receiver, sale of manufacturing company as a going concern
First Merit Bank, NA v. Arrow Machine Company, counsel to receiver, sale of manufacturing company as a going concern
Aurora Recreation LLC v. Aurora Golf & Country Club, Inc., et al., counsel to receiver, sale of a country club golf course and property
KeyBank National Association et al. v. Automatic Welding and Manufacturing Co., counsel to receiver, sale of manufacturing company as a going concern
First Merit Bank, N.A. v. Blue Island Land Co., LLC, et al., counsel to receiver, real property management and sale
RBS Citizens, National Association v. Cadiz, Ltd., et al., counsel to receiver, real property management and sale
The Huntington National Bank v. Cleveland Imported Groceries & Wines, Inc. et al., counsel to receiver, sale of a food distribution services company as a going concern
U.S. Bank, NA v. Columbia Prospect, LLC, counsel to receiver, real property management and sale of a historic property and former location of a university
The Huntington National Bank v. Computer Systems Company, counsel to receiver, stabilization of operations and sale of the company
RBS Citizens, N.A. v. Ronald R. Cordray, et al., counsel to receiver
Ladalow Enterprises, Inc. v. Creditors of Ladalow Enterprises, Inc., counsel to receiver
Truliant Federal Credit Union v. Kontur LLC, et al., counsel to receiver
Westfield Bank, FSB v. Renee S. Miller, et al., counsel to receiver
The Huntington National Bank v. Ohio Energy Specialties Inc., et al., counsel to receiver; liquidation of an energy services broker
FirstMerit Bank, N.A. v. Pramukh, Inc., et al., counsel to receiver
Metal Exchange Corporation v. Ravenna Aluminum, Inc., counsel to receiver, sale of a manufacturing company as a going concern
FirstMerit Bank, N.A. v. Shepherd's Properties, LLC, et al., counsel to receiver
Ohio Packaging Company v. Sobel Corrugated Containers, et al., counsel to receiver, sale of a manufacturing company as a going concern; NLRB and multi-employer plan liability
New Stream Secured Capital, L.P., v. T. & J. Acceptance Corporation, et al., counsel to receiver, sale of a buy here pay here auto dealership
In re Receivership of Taylor & Smith, Inc., counsel to receiver
Bank of the West v. The Wellness Works In Solon, Ltd., et al., counsel to receiver
Fifth Third Bank v. Comm Steel, Inc., et al., counsel to secured lender, steel fabricator and general contractor
Fifth Third Bank v. General Bag Corporation, counsel to secured lender, manufacturer and distributor
Park View Federal Savings Bank v. Karka, Inc., et al., counsel to secured lender
First Merit Bank, NA v. Lakeside Marine, counsel to secured lender, marine broker and owner of a marina
First Merit Bank, NA v. Lakeside Scrap Metals, Inc., et al., counsel to secured lender, owner and operator of scrap yards
Fifth Third Bank v. Mueller Electric Company, counsel to secured lender, manufacturer and distributor of electrical components; owner of a Chinese subsidiary and manufacturing plant