On May 17, 2013, the California Receivers Forum held
its annual receivership educational program at the California Bankruptcy
Forum Insolvency Conference at Paradise Point Resort in San Diego. The two
hour interactive segment featured a lively discussion with Susan Uecker
of Uecker & Associates, Inc., Richard Kipperman of Corporate
Management, Inc., and Stacy Rubin of Mulvaney Barry Beatty Linn &
Mayers LLP. The program was moderated by Robert Mosier of Mosier &
Company, Inc. and produced by Everett G. Barry, Jr. of Mulvaney
Barry Beatty Linn & Mayers LLP. Sharing their perspectives, the
distinguished panel, along with enthusiastic participants, discussed a
hypothetical Chapter 11 bankruptcy case involving a receivership over a
nine-unit shopping center where the only source of cash flow was rental
income generated by the shopping center.
Discussions were centered around the borrower's Chapter 11 bankruptcy
filing, turnover, excuse from turnover, relief from stay, and compensation
for professional services rendered by a custodian/receiver, attorney or
accountant.
Attendees were fortunate to be joined by retired
Judge Hargrove from the United States Bankruptcy Court for the
Southern District of California and Judge Donovan from the United
States Bankruptcy Court for the Central District of California.
The panelists also offered suggestions for legal
tools and issues to help guide receivers through the interplay of
bankruptcy, such as: knowing your judge and the applicable local and
chambers’ rules, along with familiarizing yourself with the order
appointing the receiver.
A special thank you to Richard Ormond for
his contributions to the program materials. Originally a panelist, Richard
fell ill shortly before the program. |