Los Angeles Court Appointed Receivers
At FedReceiver, Inc., an affiliate of Jalmar Properties, Inc., their team members include four full-time court-appointed receivers with extensive experience in both state and federal court. Since 1990, they have been appointed as receiver in hundreds of cases throughout the Los Angeles area, as well as the western United States. These receivership appointments include actions involving secured creditors of commercial and residential properties, judgment enforcement, business dissolution, and actions filed by city, state and national government agencies including the Federal Trade Commission and the United States Securities and Exchange Commission.
The FedReceiver team holds multiple professional designations, including:
- Certified Public Accountant (CPA)
- Certified Commercial Investment Member (CCIM)
- Real Estate Broker
- Accredited Residential Manager (ARM)
- Certified Property Manager (CPM)
- Residential Care Facility for the Elderly (RCFE)
- Certified Fraud Examiner (CFE)
No matter the type of services you are seeking, FedReceiver’s team members possess the knowledge needed to successfully handle your receivership case. Belonging to professional organizations means their staff stays up-to-date on the latest industry news and best practices.
Who We Are
FedReceiver, Inc., together with affiliate Jalmar Properties, Inc., has over 30 years serving the greater Los Angeles area. With services ranging from property management and consulting, to expert witness testimony and forensic accounting services.
In 2005, affiliate Jalmar Properties was given the prestigious honor of being named as AMO Company of the Year by the Institute of Real Estate Management. This award is given to companies that demonstrate excellence and innovation in the property management industry. Jalmar was honored to be recognized by the industry, and those they serve, for implementing creative and efficient solutions in the areas of property management and receivership administration.
Choosing FedReceiver means you will be gaining the insights of a company that, time and time again, has been able to successfully administer hundreds of receivership cases. The Los Angeles court receivers at FedReceiver have handled a variety of cases, ranging from commercial and residential properties and post-judgement enforcement actions, to marital dissolution cases and accounts receivable collections.
While FedReceiver and Jalmar specialize in many areas, its largest business area is court-appointed receivership services. Since 1990, FedReceiver’s principals have administered or been appointed as federal or state court receivers in hundreds of cases all over the country, serving the greater Los Angeles area, as well as Arizona, Nevada, and Northern California.
How Receivership Works
Understanding the process of court-appointed receivership can be daunting. Our goal at FedReceiver is to make sure all interested parties feel comfortable and well-informed about the duties and responsibilities of a Los Angeles court-appointed receiver.
A receiver is an agent appointed by a state or federal court to preserve and maintain the assets over which he/she has been appointed. It is important to note that receivership does not only occur when a company files for bankruptcy. According to the California Code of Civil Procedure, Section 564, a Los Angeles court receiver can be appointed to a case for a multitude of reasons, including, but not limited to:
- Rents, Issues and Profits
- Fraudulent Transfer Actions
- Preservation of a Common Fund or Property in Danger of Dissipation
- Windup of a Dissolved Corporation
- Housing Completion/Sale
- Liquidate Professional Practices
- Government Enforcement Actions
- Sale of ABC Licenses
Once a receiver is appointed in a case, the receiver will take possession of specified assets and take the steps necessary to preserve or liquidate the asset, or to hold the same pending further court order. The duties of a court-appointed receiver are varied and expressly set by the court’s order(s). Those duties can range from reviewing books and records to completing construction of properties and selling properties subject to approval by the court.
The goal of FedReceiver and Jalmar Properties is to ensure your business, real estate property or assets are managed in a professional and time-sensitive manner. We have successfully managed over one billion dollars of assets. Let us take care of your property management and court-appointed receivership needs.