For over 40 years, skillfully guiding and judiciously representing many of the world’s leading multinational corporations, financial institutions, attorneys and law firms, creditors, investors, and myriad other stakeholders in the management, recovery, disposition, and conversion of their distressed assets to cash.
Our Distressed Asset Management Services involve managing assets that are under financial distress or facing significant operational challenges. These assets include businesses, real estate properties, loans, or securities. Distressed asset management typically occurs in the context of lending, where creditors seek to protect and profit from troubled assets by either turning them around or liquidating them for maximum value.
Our award-winning services have earned us the distinction of being the only Court-Appointed Receiver/Keeper in the country that the United States Environmental Protection Agency (USEPA) allows to conduct Distressed Asset Management and Disposition Services on active Superfund Sites.
We are pleased to serve as Court-Appointed Keepers for the U.S. Marshals Service for federal court seizures of assets under admiralty jurisdiction.
Southern Shipbuilding Corporation – Slidell, LA
Firestone Tire and Rubber – Memphis, TN
From National Priority List Superfund Sites—to a Decommissioned Nuclear-Powered Aircraft Carrier—to the Pencils-on-the-Desk—we handle it all, and we have successfully managed and generated Billions of Dollars for our global clientele in the conversion of their distressed assets to cash.
Our Asset Recovery Centers of America® unit owns/operates strategically located multipurpose venues for recovering, storing, and re-marketing recovered assets. Our full-service Recovery Centers fulfill our unique capacity to marshal our clients recovered moveable assets, air, land, and marine, to our secure facilities for disposition. Our flagship Recovery Center is the Port of Slidell in Slidell, Louisiana (Metro New Orleans).
Receivership services may be used in various situations, including bankruptcy, foreclosure, or other types of financial distress. They can also be used when a company is being liquidated or restructured. In some cases, the receiver is appointed to manage the assets of a company or individual on an interim basis, while in other cases, the receiver is appointed to manage the assets permanently.
The receiver’s responsibilities may include:
Receivership services can be an effective way to manage and preserve the assets of a company or individual that is in financial distress. The court or other authorized party appoints the receiver and acts as an independent third party, which can provide a measure of objectivity and impartiality to the process.
It’s important to note that the receivership process is typically court-supervised, and the receiver’s actions and decisions are subject to court approval. The receivership process may be subject to different laws and regulations in some jurisdictions.
Our Turnaround Management Systems® and Restructuring teams marshal onsite 24/7/365 worldwide to provide the complete spectrum of crisis/interim management and turnaround services. Our teams work closely with creditors and their legal representatives to preserve, protect, manage, operate, and enhance the going concern value of troubled businesses and/or business assets that might otherwise be lost during bankruptcies, foreclosures, and related actions while actively pursuing permanent solutions.
A Turnaround Management Scenario … A borrower in financial distress raises myriad commercial loss concerns for its creditors, including increased risk of less than payment in full of its loan, increased liabilities, additional legal costs and expenses, and greater utilization of creditor resources. When a borrower shows signs of distress, it is critical for the creditor to promptly and proactively develop a thoughtful turnaround management strategic plan to mitigate issues and identify options available to strengthen the creditor’s position in the credit facility. Doing this is an essential first step for a creditor interested in maximizing its recovery and limiting its exposure.
Our Collateral Management suite of services includes comprehensive transactional Due Diligence, Appraisals, Feasibility Studies, Deal Vetting, Credit Analysis and Analytics, Risk Assessments, Project Management, Collateral Reviews, Environmental Compliance Reviews, Account Monitoring, Independent Auditing, Field Inspections, Asset Tagging, UCC Filings, and Periodic Onsite Compliance Inspections.
EDS’ internationally recognized specialists work closely with the client and their legal representatives to analyze and determine its institutional and regulatory requirements. After establishing goals and objectives, our lender services compliance teams prepare comprehensive due diligence protocols, develop account and site-specific strategies, and visit the client’s location(s). We meet with borrowers and site management personnel to communicate the level of compliance its lender requires courteously and professionally, leaving no room for interpretation.
Our distinctive Distressed Asset Management, Turnaround Management, Collateral Management, and Risk-Mitigation Services reduce risk and bring our clients the safety, comfort, flexibility, and confidence to increase credit to existing customers and to seek out and book new business opportunities where others cannot.
Distressed-Asset Management Services
Turnaround Management
Restructurings
Collateral Management
Investment Recovery
Investment Recovery Centers of America®
Asset Recovery
Asset Recovery Centers of America®