EVERYONE LOVES FOUND MONEY: MAXIMIZING RECOVERY USING “FOUND-MONEY ASSETS”

For most bankruptcy estates, the typical approach to asset recovery has been to focus exclusively on core assets – fresh accounts receivable, large-balance preference claims, inventory, real estate, and maybe the occasional “hope certificate” litigation matter. However, it is becoming Read More …

SQUEEZING CASH OUT OF LEFTOVER ASSETS: Remnants Sales Can Help Close “Moldy” Cases

Remnant sales are becoming a common method used to increase asset recovery for creditors. Trustees and plan administrators are generating additional recoveries for creditors by selling off the remaining “cats and dogs” in a bankruptcy estate for cash, even in Read More …

Getting Value for “Remnant Assets”: A Solution for Unexpected Chapter 7 and 11 Assets

What happens when an unexpected check payable to an old corporate debtor shows up on your desk years after the case has been closed and all of the files have been sent to storage?  The solution is bound to be Read More …