Cordes & Company

Receivership, ABC, Trusteeship and Asset Management

At Cordes & Company, our financial and management professionals provide prompt and expert support for businesses and real estate in distress, transition and litigation – as well as their local, regional and national lenders.

One of our primary practice areas is Receivership, ABC, Trusteeship and Asset Management.  Over the past 30 years, we have been court-appointed receiver or trustee or asset manager in more than 400 engagements across the United States.  In recent years, the value of assets we have managed has exceeded $1.2 billion.

In a receivership, an independent, impartial party is appointed by a court or by creditors to receive, manage, preserve and/or dispose of an at-risk or disputed property or business – until the issue can be resolved.  The best receivers are able to not only preserve but actually increase the value of the distressed assets under their management. An assignment for the benefits of creditors (ABC) is a similar method used by creditors for distressed property or businesses to liquidate assets to satisfy creditor claims.  We serve as the assignee in these types of cases.

At Cordes & Company, we inspect the property, work with tenants and vendors, obtain and review records from the owner and the management company, and establish appropriate operational, maintenance and accounting procedures and systems.  Often, we oversee completion of construction projects.

Receivership, ABC, Trusteeship, and Asset Management Services:

  • Asset liquidation
  • Bankruptcy examiner and trustee
  • Broker selection and oversight
  • Expense efficiency
  • Financial and accounting reports
  • Forensic accounting
  • Fraud detection
  • Management assessment
  • Marketing strategy
  • Project or construction management
  • Property manager selection, assessment and oversight
  • Resolution of liens, claims and disputes
  • Revenue and profit optimization
  • Strategic planning and execution
Colorado
5299 DTC Boulevard
Suite 600
Greenwood Village, CO 80111
Telephone: 303.721.8755
Minnesota
2677 N. Innsbruck Drive
Suite A
New Brighton, MN 55112
Telephone: 612.455.6027
California
2030 Main Street
Suite 1600
Irvine, CA 92614
Telephone: 949.379.1202
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