FedReceiver is comprised of Receivers James, Stephen and Todd Donell and staff. Their cumulative experience includes more than 500 receivership appointment matters involving businesses, government enforcement, real estate, judgment enforcement, marital dissolution and partnership dissolution, restaurants, hospitality and gas station/C-Stores. Headquartered in Los Angeles, FedReceiver also has a regional office in San Francisco and satellite offices in Seattle, Portland, Sacramento and Denver. Follow the link to access the FedReceiver website.
Providing a superior combination of services for business and real estate matters, James, Stephen and Todd utilize their extensive experience to manage cases in an efficient and cost effective manner. In many cases, outside counsel is not required and pleadings are filed in-house. Accounting functions for the receivership estate are provided by FedReceiver and an experienced group of experts in fiduciary tax matters are utilized when necessary
Since the first case in 1991, James, Steve and Todd Donell have provided the court, through private, regional and institutional lenders, with uncompromised service and integrity. Each case includes the personal involvement of the receiver as well as seasoned receiver administrators, field agents and support staff. All parties are kept fully informed through regular communication including a comprehensive monthly report.
From the takeover to the final accounting, FedReceiver provides immediate response through an automated system developed over two decades of receivership administration experience. Bonding, employee/HR, risk management/insurance, code compliance, cash management, health & safety issues, environmental, contract/vendor administration, marketing/adverting and cash collections involving comprehensive checks & balances results in lower fees and quicker results.
With extensive experience in the operation and sale of Gas Station properties, receivership can offer a viable solution for lenders wanting to secure control of the asset and to recover proceeds from a sale, without ever having to take title. Avoiding the potential liability involving environmental, employee and construction issues through the sale of the asset by the receiver and the transfer of title to the buyer free and clear of liens is a distinct benefit of the receivership process.
From storage tank retrofitting, air quality standards, cash handling and employee issues, FedReceiver has the experience to immediately assume control of gas station property, secure all assets including bank accounts, liquor and tobacco licenses, inventory and receivables. Through the use of well-established vendors and suppliers, aggressive marketing and advertising, expenses are reduced, cash flow is stabilized and net operating income is strengthened.
Wilshire Bundy Plaza
12121 Wilshire Boulevard, Suite1120
Los Angeles, 90025
Stephen J. Donell