RECEIVERSHIP & ASSET REPOSITIONING: MIDWEST REAL ESTATE SERVICES

For over forty seven years, Farbman Group has been committed to protecting and improving the value of your real estate assets. We created Farbman Asset Repositioning to showcase this rich history and our vast capabilities.

Our experience as a court receiver includes office, industrial, retail, multi-family, manufactured homes, hotels and single-family projects throughout the Midwest. Farbman Group works closely with secured creditors to manage financial obligations and recover outstanding loan payments.

As with our commercial real estate clients, we have maintained a favorable rapport with courts across the region due to a thorough understanding of our role in stabilizing asset value and preventing physical and financial waste. We also play an important role in managing financial obligations and ensuring secured creditor’ interests are protected.

Being one of the largest private third-party property management companies in Michigan – as well as being part of the largest brokerage network in the world – is instrumental to our success as a receiver.

Our reporting is sophisticated, comprehensible and complete – a critical function in keeping all parties informed and comfortable that the asset is being managed efficiently. Creating value for the benefit of everyone associated with an asset is our top priority.

what is receivership?

A receivership is a legal process where a court appoints a receiver to manage and control a company’s assets, with the primary goal of protecting the interests of creditors and stakeholders. This remedy is often employed for troubled companies facing financial difficulties, insolvency, or bankruptcy.

During a receivership, The Farbman Group takes control of the company’s assets, oversees its operations, and works diligently to maximize the value of those assets for the benefit of creditors and other stakeholders. By doing so, the receivership aims to stabilize the company and prevent further financial deterioration.

the receivership process

The receivership process typically begins with the court appointing Farbman as a receiver. Once appointed, the receiver takes control of the company’s assets and begins managing its operations. The primary goal is to maximize the value of the company’s assets and protect the interests of creditors and stakeholders.

This may involve restructuring the company’s debt, negotiating with creditors, and selling off assets to pay off debts. The process can be complex and time-consuming, often involving multiple stakeholders and interested parties. However, with a skilled receiver like Farbman at the helm, the process can lead to a more stable and financially sound outcome for the troubled company.

get started with farbman group

Ready to take control of your assets and navigate the complexities of receivership? Partner with the experts at Farbman Group to ensure a smooth and efficient process. Our experienced team is here to guide you every step of the way. Contact us today to get started on your path to financial recovery and stability!