COURT APPOINTED RECEIVERSHIPS
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Harvey Kay has served as a Court Appointed Receiver, at both the county and federal levels. The Receiverships have consisted of various types of real estate located in varied levels of neighborhoods. Known for reasonable Receivership rates and the ability to manage and upgrade properties with minimal financial outlay. Handling lease collections, rentals, and evictions, also bringing properties up to marketable standards. Harvey Kay has been honored by the Cuyahoga County courts for his work as a Grand Jury foreman.
Your receiver should be asking you about the exit strategy. Experienced receivers know how critical the first day can be. They should come armed with checklists and detailed plans. Receiverships can require a wide variety of actions. Identifying critical tasks is vital to evaluating the efficacy of a receivership and to selecting an appropriate candidate to serve as a receiver. In a controlled liquidation, assembling and gaining custody and control over the assets will be critical. In a foreclosure, obtaining control over the premises and rents will be a primary task. In a fraud, forensic investigations will be crucial. In a wind-down, protecting collateral against “shrinkage” requires industry knowledge. Preparing a business for sale requires numerous tasks to be coordinated and prioritized. Broad knowledge of operations and finance, as well as experience in marketing an operating business for sale, will be extremely beneficial.
Harvey Kay is a member of the national organization, Turnaround Management Association.
The firm simplifies reports on complicated management situations for each property, always using segregated funds accounts.
Requested by Judges and attorneys, as well as lending institutions.
References and recommendations provided upon request.
P.O. BOX 248124 | CLEVELAND, OHIO 44124 | (440) 646-8400 phone | (440) 646-8405 fax | e-mail us |
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