Services

Receivers-Restructuring Officer { Court Appointed }

In an effort to ensure the maximum repayment to creditors, MMA will assess the value of all assets, ensure stability with turnaround management and if necessary we will oversee the degeneration of business activities. In many cases we are appointed by the courts as a receiver to manage the liquidation of select assets or all of the assets for repayment to creditors.

MMA will:

Protect and preserve a company’s assets by taking full control and possession of the property and the rents, incomes, and profits there from
Take over management of an operation
Act in the best interest of the entity and its creditors
Control Cash Flow

Assignment for the Benefit of Creditors
Florida Statutes 727.101-727.116

If a debtor is a suitable candidate for an Assignment for the Benefit of Creditors (ABC), this efficient technique may be used to help them avoid the negative aspects of bankruptcy. For several decades MMA has been a leader and an innovator in the implementation of this state court alternative for the administration of insolvent estates. MMA has developed several innovative methods of operating a business in an assignment pending the partial or full sale of assets.

Our company conducts a thorough analysis of the debtor’s financial situation in order to determine whether the debtor is eligible for an ABC. If so, then with the direction of the debtor’s attorney (assignor's), MMA serves as the assignee, responsible for liquidating the estate in full and ensuring the equitable distribution of funds received from the sale of assets to creditors.

As an assignee, we will develop a comprehensive liquidation plan in order to maximize value for assets while minimizing expenses and administrative costs. The liquidation plan includes the process of collecting accounts receivable, identifying potential revenue sources (such as filing for outstanding insurance claims) and working with our real estate affiliates and auction subsidiaries to receive the highest value for liquidating all tangible and intangible assets.

Liquidating Trustees / Litigation Trustee / Plan Administrator

MMA is often appointed by the courts as a Liquidating Trustee, Litigation Trustee or Plan Administrator in order to conclude the liquidation on a bankrupt company’s assets for the benefit of creditors post confirmation.

As a Trustee or Plan Administrator, our responsibilities include complex negotiation; the management of Trust Assets, litigation management; reconciliation and management of the claims process; collections, liquidation and sale of assets; winding down affairs; tax analysis and resolution; benefit plan dissolution; investigation of liability, preferences, and avoidance action; and the distribution of funds to allowed claimants. Whether acting as a Trustee or Administrator, MMA works in the best interest of all beneficiaries.

Court Examiner

As a court examiner, our firm is appointed by the courts to report the status of an ongoing business, including business viability, related party transactions, management capability, fraudulent transfers and professional consultation. We thoroughly review all aspects of the company in order make recommendations to the courts on the best way to resolve any disputes that the company is currently facing.

Workouts

This creative problem-solving technique has allowed us to help many companies facing financial difficulty to stay in business while paying their creditors. Key elements to the success of a workout are the ability to apply stabilization within the company, implement critical process improvements including organizational changes, leadership improvements and financial restructuring, if necessary. We will carefully evaluate the company’s financial situation in order to determine whether they may have this option. If so, MMA will administer a payment plan for the company’s debt so that the company can continue forward with its business operations.