Posted in: Corporate Receiverships

Corporate Receiverships

Just as the banks collapsed in the 2000’s as a result of the subprime mortgage crisis, companies and corporations can collapse for a variety of reasons. As an example, a lumber mill in Colorado was struggling economically and about to go under, but before it went under a receiver was appointed to preserve the company. In this case, the Receiver was able

Read More "Corporate Receiverships"
Posted in: BARG Receivership Law Updates

USING RECEIVERSHIPS TO REVITALIZE ABANDONED CONSTRUCTION PROJECTS

What happens when a construction project runs out of money and the half finished skyscraper, mall, or hotel sits vacant for years?  There are two things that can happen everyone can wait until the developer finds funds, which is unlikely. Or a more practical solution is that a developer or other party with a recorded interest can seek the appointment of a

Read More "USING RECEIVERSHIPS TO REVITALIZE ABANDONED CONSTRUCTION PROJECTS"
Posted in: Health and Safety Receiverships

Health and Safety Receiverships

ol.d {list-style-type: upper-alpha;} As it relates to specific receivership examples, cities and counties in California often use health and safety receiverships to abate nuisance conditions. A few reasons cities and counties might use the health and safety receivership remedy are when a property is abandoned, occupied by a hoarder, the site of criminal activity, or the owner passed away without any heirs.

Read More "Health and Safety Receiverships"
Posted in: BARG Receivership Law Updates

RECEIVERSHIP AS A REMEDY ADDRESS ECONOMICALLY DISTRESSED PROPERTIES

If a property is underwater and/or in a blighted condition with numerous lienholders that are hesitant to foreclose? The answer is often receivership. If a property is underwater, but some equity exists a receiver can be appointed to take control of the Property and eventually sell the Property pursuant to California Code of Civil Procedure “CCP” § 568.5. The receivership sale must

Read More "RECEIVERSHIP AS A REMEDY ADDRESS ECONOMICALLY DISTRESSED PROPERTIES"
Posted in: Corporate Receiverships, Court Appointed Receiver, Criminal Receiverships, Health and Safety Receiverships, Post-Judgment Receiverships, Rents and Profits Receiverships, Trust and Estates Receiverships

What is a Court Appointed Receiver?

When people hear the term receiver they may think of NFL Hall of Famer Jerry Rice, but a Court-Appointed Receiver is a whole other ball game. The use of Court-Appointed Receivers began in the Old English Chancery Courts and were often used to take control of an estate that did not have an heir. For example, in the 1500s when a King

Read More "What is a Court Appointed Receiver?"
Posted in: BARG News, Health and Safety Receiverships

Ryan Griffith’s Zombie Foreclosure Article Published by the California Daily Journal

Ryan Griffith Attorney & Associate Receiver at Bay Area Receivership Group had his article on Zombie Foreclosure and how to address it published by the California Daily Journal on April 29, 2020. The article explains how banks can take control of dangerous properties and prevent them from getting to a point that the appointment of a Health and Safety Receiver by a City or County is necessary. The article can be read here.

Read More "Ryan Griffith’s Zombie Foreclosure Article Published by the California Daily Journal"
Posted in: BARG News, Health and Safety Receiverships

Bay Area Receivership Group Appointed on Emergency Order over Fire Damaged Property in Fresno

On April 21, 2020, the City of Fresno moved ex-parte to appoint Bay Area Receivership Group over 1630 S. Third Street in Fresno, California in Fresno County Case #20CECG00407 . The Property has been the site of several recent fires and an ex-parte was necessary due to COVID. Now that Bay Area Receivership Group has been appointed it will take immediate action to

Read More "Bay Area Receivership Group Appointed on Emergency Order over Fire Damaged Property in Fresno"
Posted in: BARG News, Trust and Estates Receiverships

Ryan Griffith Presents to County Counsel Association and How Public Administrators Can Use the Receivership Remedy

On March 5, 2020 Ryan Griffith presented to the County Counsel Association in San Diego at the WestGate Hotel regarding Receiverships. The presentation brought up very interesting points related to how Receiverships and Conservatorships can work together. It also brought up some complex legal issues that Bay Area Receivership Group’s legal team is researching.

Read More "Ryan Griffith Presents to County Counsel Association and How Public Administrators Can Use the Receivership Remedy"
Posted in: BARG News, Health and Safety Receiverships

Bay Area Receivership Group’s Amicus Brief Supporting Receiver’s Lien Priority Accepted by the First Appellate District Court of California

On March 2, 2020 the First Appellate District of California Accepted Bay Area Receivership Group’s Amicus Brief , which argues for Receiver’s to obtain super-priority and strip liens. Bay Area Receivership Group and it’s counsel Ryan Griffith look forward to the First District’s decision in this case.

Read More "Bay Area Receivership Group’s Amicus Brief Supporting Receiver’s Lien Priority Accepted by the First Appellate District Court of California"