When a business fails, some see only ruin. We see restoration.
Amicus Management has served as a receiver in:
- 48 Michigan counties
- U.S. District Court for the Eastern District of Michigan
- U.S. District Court for the Western District of Michigan
Assistance for Attorneys
As an attorney, you know the value of a solid reputation that has been earned through years of practice. When matters get complex in a court case, you rely on intimate and detailed knowledge of the law to give you a competitive edge—particularly when millions of dollars and the livelihoods of employees are at stake.
The same is true for a workout situation. Anyone managing a troubled asset that’s being staged for sale is dealing with problems on many fronts. These include insufficient cash flow, low morale among employees, vendors unwilling to extend credit, and uncertain customers.
You need a trusted advisor who understands how all aspects of the business (accounting, management, finance, marketing, and sales) need to mesh in order to best preserve assets.
When a situation clearly calls for a court-appointed receiver to take over the operation, you can rely on Amicus Management as the most experienced and best qualified. We’ll do the heavy lifting in reporting and communication, saving you considerable time and trouble.
Amicus Management has successfully accomplished hundreds of workouts and asset sales. These include but are not limited to hotels, restaurants, other retail businesses, manufacturers, other industrial concerns, multifamily properties, mobile home communities, and other real estate.
Support for Financial Institutions
When faced with the difficult situation of recovering assets from a troubled loan and a troubled borrower, you need an experienced adviser to maximize asset value and expedite a salvage plan. You need someone in your corner who can explain options and consequences, develop the right strategy, and take action to preserve the maximum value for all assets—even intangibles like goodwill—and bring order to the most chaotic circumstances.
Since 1993, Amicus Management and its affiliates have assembled and implemented hundreds of specialized workout plans, from serving as a court-appointed receiver that can sell assets directly to new owners without the need of a lengthy to acting as liquidator in a bankruptcy proceeding.
Amicus Management can help you obtain maximum net cash value in a workout orby maintaining the underlying asset value of the distressed business.