Navigating Receiverships

Alex Moglia of Moglia Advisors joins Navigating Receiverships to discuss a Tennessee receivership in which he took over a printing company.   About Alex Moglia Alex D. Moglia is highly-regarded as chief restructuring officer, financial advisor, litigation expert witness, state and federal receiver, bankruptcy trustee, liquidating trustee, assignee for the benefit of creditors, fraud recovery expert, and special situations M&A advisor. Prior to founding Moglia Advisors, Alex held executive positions with Continental Illinois National Bank and CNW Corporation,the latter a publicly-traded company with finance, transportation and manufacturing operations. Initially, he was an attorney with Winston & Strawn, before leaving the practice of law in 1983. About Navigating Receiverships Navigating Receiverships is a podcast brought to you by the Commercial Receivers Association.  Navigating Receiverships brings stories from different receivership and insolvency actions in which our members came into a difficult situation and were able to successfully navigate the landscape.  Our members share their story in an effort to both educate and entertain our listeners.

Matthew Brash of Newpoint Advisors joins Navigating Receiverships to discuss his Bucket Truck Receivership that included both fraud and intent to deceive and prevent the receiver from doing his job.   About Matthew Brash Matthew Brash is a Senior Managing Director and lead professional of Newpoint’s TRAIL (Trustee, Receivership, Assignee, Interim Management, Liquidation) platform. He also serves as the SBRA Subchapter V Trustee at United States Trustee Program for the Northern District of Illinois, Eastern Division. Matthew works with companies, national and global commercial lenders, private equity firms, and key stakeholders in various turnaround stages. He meets each project with the goal of maximizing recovery and finding closure, efficiently and successfully. With a decade of experience, he is well-known and a go-to source in situations which require immediate deployment, strong management, communication and performance. He thrives on finding value where one believes there is little to none.   About Navigating Receiverships Navigating Receiverships is a podcast brought to you by the Commercial Receivers Association.  Navigating Receiverships brings stories from different receivership and insolvency actions in which our members came into a difficult situation and were able to successfully navigate the landscape.  Our members share their story in an effort to both educate and entertain our listeners.

Daniel Morris of Plains CRE joins Navigating Receiverships to discuss a recent Senior Care facility receivership and managing the sale through a difficult process.   About Daniel Daniel Morris, CCIM (Certified Commercial Investment Member) is a founding partner with Plains Commercial Real Estate. He specializes exclusively in senior housing investment sales and leasing. As such, he believes in product specialization and believes that this allows him to help his clients achieve the highest (and best) prices for their assets. This unique product specific knowledge gives him the added insight into the senior housing industry, which allows for smoother transactions and discretion while on-site with potential buyers and tenants. He has extensive experience in the skilled nursing (SNF) and distressed asset space, working across the spectrum with clients ranging from single facility owners to large institutions. Previously Daniel was with CBRE, where he specialized in the sale and leasing of senior housing facilities. Prior to CBRE, he was a part of Canopy Commercial | Auction (which he helped start in 2009), and which was subsequently acquired by CBRE|Oklahoma. He began his career in commercial real estate in 2008 at Sperry Van Ness. Daniel graduated from the University of Oklahoma with a Bachelors of Sociology and earned the CCIM designation in 2011.   About Navigating Receiverships Navigating Receiverships is a podcast brought to you by the Commercial Receivers Association.  Navigating Receiverships brings stories from different receivership and insolvency actions in which our members came into a difficult situation and were able to successfully navigate the landscape.  Our members share their story in an effort to both educate and entertain our listeners.

Deborah Cannon of CUSA, LLC joins Navigating Receiverships to discuss hotel receiverships and CUSA's deep experience in the space.   About Deborah Ms. Cannon is a 40+ year hospitality veteran.  She currently serves as the President and COO of CUSA, LLC – a nationally ranked and recognized hospitality and property management company.  Ms. Cannon has worked in all facets of hotel operations and sales & marketing and has managed, over her career, over $550 million in hotel assets.  Ms. Cannon’s expertise and experience spans full-service hotels and resorts, to boutique luxury hotels, to select service and limited service hotels.  Ms. Cannon and CUSA have managed in over 45 states and the West Indies.   About Navigating Receiverships Navigating Receiverships is a podcast brought to you by the Commercial Receivers Association.  Navigating Receiverships brings stories from different receivership and insolvency actions in which our members came into a difficult situation and were able to successfully navigate the landscape.  Our members share their story in an effort to both educate and entertain our listeners.

Eric Camm, Director of Turning Point Consulting, joins Navigating Receiverships to discuss a recent receivership in which he let the restructuring of a motorcycle dealership in Seattle, WA.   About Eric Eric's mission is to help businesses improve cash flow and increase profitability, working directly with operations to identify issues and create solutions. With any successful restructure engagement, Eric & his team are able to stabilize the value of the business for the equity holders and preserve the jobs of the employees who have made their careers working at the company. Turning Point is the premier financial and strategic consultancy serving businesses throughout the Pacific Northwest.  Turning Point delivers outstanding results in CFO and controller advisory, restructuring engagements, M&A advisory, and revenue growth and acceleration. Eric was a practicing attorney for ten years and founded the Apex Law Group, giving him a solid background and extensive knowledge regarding corporate business transactions, corporate governance, and liability. At Turning Point, Eric focuses on restructuring, receiverships, mergers & acquisitions, business valuations, insolvency and reorganization, venture capital, early stage financing, securities, and corporate social responsibility. When not working, Eric loves to be outdoors and has even climbed Mt. Rainier. Eric also enjoys Texas-style barbecue and has his own custom-built offset smoker.   About Navigating Receiverships Navigating Receiverships is a podcast brought to you by the Commercial Receivers Association.  Navigating Receiverships brings stories from different receivership and insolvency actions in which our members came into a difficult situation and were able to successfully navigate the landscape.  Our members share their story in an effort to both educate and entertain our listeners.

Former ABI President Geoff Berman joins Navigating Receiverships to talk through his experience over two very different ABCs (one in-court and one out-of-court).     About Geoff Geoff Berman has forty plus years in administering general assignments for the benefit of creditors and post confirmation estate work; member of the Central District of California Mediation Panel and Register of Mediators, District of Delaware; and former President of the American Bankruptcy Institute.     About Navigating Receiverships Navigating Receiverships is a podcast brought to you by the Commercial Receivers Association.  Navigating Receiverships brings stories from different receivership and insolvency actions in which our members came into a difficult situation and were able to successfully navigate the landscape.  Our members share their story in an effort to both educate and entertain our listeners.

Jerry Foster of Resolute joins Navigating Receiverships to talk about his experience as a receiver with the owner of an NFL franchise pledging all his assets to get the loans necessary.     About Jerry Since founding Resolute in 2008 in what was perceived to be a counterintuitive decision during a booming market, Jeremiah (Jerry) Foster has led corporate strategy for the firm. His day-to-day functions as President include overseeing the business, leading the firm’s team of industry experts, and advising creditors, equity holders and enterprises as they navigate the many phases of a turnaround, restructure or crisis management plan. Jerry is best described as a serial entrepreneur who finds success by providing vision and leadership to voids he sees in the market. He is driven by the thrill of creating successful ventures. This drive has led him to be a major contributor to growing a startup company from single digit employees to a $100MM NASDAQ IPO (IGOI). He also built his own company that was eventually sold. Jerry’s career has included stints in technology, manufacturing, commercial real estate, and commercial loan workouts. Adept at creating relationship-based sales and marketing strategies with a keen sense of business, Jerry continues to create exceptional results with each new business venture.   About Navigating Receiverships Navigating Receiverships is a podcast brought to you by the Commercial Receivers Association.  Navigating Receiverships brings stories from different receivership and insolvency actions in which our members came into a difficult situation and were able to successfully navigate the landscape.  Our members share their story in an effort to both educate and entertain our listeners.

Scott Yahraus of Receivership Specialists joins Navigating Receiverships to discuss a recent insolvency case of his in which he took over a Cosmetics Company.  Seeing many issues within both the industry and the company Scott was able to take the company to market and produce a positive outcome. About Scott   Scott Yahraus is a positive leader who has demonstrated tremendous achievements in sales and business development. He has great relationship skills and is an effective business strategist. With a degree in economics from Creighton University in Omaha, NE, Mr. Yahraus joins Receivership Specialists as a Senior Project Manager, bringing a knowledge of sales, marketing, real estate, and technology. Prior to Receivership Specialists, Mr. Yahraus led teams that developed business to business web-based platform for claims and judgments; created long-term revenue streams, developed best practice designed to create the highest value proposition for business creditors and attorneys; and developed relationships with some of the nation’s largest real estate operators and REITs who use the platform. During his tenure at Alliant Capital, Mr. Yahraus was responsible for the origination and acquisition of affordable housing tax credits over a 15 state area, where he originated and performed initial deal analysis including modeling, financial structuring, negotiating, offering to purchase tax credits, and closing on highly complex real estate transactions. Mr. Yahraus was involved with approximately 50 deals annually totaling $500,000,000 in tax credit equity.   About Navigating Receiverships Navigating Receiverships is a podcast brought to you by the Commercial Receivers Association.  Navigating Receiverships brings stories from different receivership and insolvency actions in which our members came into a difficult situation and were able to successfully navigate the landscape.  Our members share their story in an effort to both educate and entertain our listeners.

Frank Simon of Simon PLC Attorneys & Counselors joins Navigating Receiverships to talk about his experience as receiver over Arcadia Healthcare.   About Frank Mr. Simon has practiced in district and circuit courts all across Michigan, and is licensed to practice in three other states.  At Simon PLC, Frank R. Simon oversees the Receivership Team. Simon has extensive experience as an articulate litigator, assignee, receiver and counsel for receivers in civil, family and criminal cases. He is particularly skilled at obtaining resolutions to complex cases that involve real property, personal property and taxes. Simon’s expertise in management, finance, banking, insolvency and real estate are especially beneficial on cases that involve the operation of closed or ongoing business concerns. As managing member of Simon PLC since its founding in 1998, Simon has garnered extensive experience in a wide range of receivership scenarios.     About Navigating Receiverships Navigating Receiverships is a podcast brought to you by the Commercial Receivers Association.  Navigating Receiverships brings stories from different receivership and insolvency actions in which our members came into a difficult situation and were able to successfully navigate the landscape.  Our members share their story in an effort to both educate and entertain our listeners.

Greg Milligan of Harney Partners joins Navigating Receiverships to talk about his recent receivership over a Quarry Mine and several other related entities.   About Greg For more than 25 years, and with engagements involving onsite advisory to clients in more than 25 states and multiple foreign countries, Greg has maintained a practice surrounding troubled situations or situations that require fiduciary oversight. He joined Harney Partners in 1998 and opened the Austin office in 2001. Since that time, he has both led and collaborated on engagements with highly successful outcomes, meriting multiple peer-review awards from the Turnaround Management Association and the M&A Advisor. The common thread which runs throughout Greg’s career is his ability to enter a new and troubled situation to quickly develop an understanding of the situation, identify the key resources needed to achieve the best possible outcome, develop multiple strategic alternatives toward that outcome, and manage the personnel and other resources required to execute the selected plan – all while developing working relationships with necessary stakeholder constituencies. The entire Harney team operates with the urgency and discipline necessary to achieve timely, thoughtful and constructive solutions.   About Navigating Receiverships Navigating Receiverships is a podcast brought to you by the Commercial Receivers Association.  Navigating Receiverships brings stories from different receivership and insolvency actions in which our members came into a difficult situation and were able to successfully navigate the landscape.  Our members share their story in an effort to both educate and entertain our listeners.

Welcome to Navigating Receiverships brought to you by the Commercial Receivers Association.  Navigating Receiverships will take a dive into receiverships and other insolvency actions looking at what brought the company into receivership, what happened in the receivership, the outcomes, and ultimately what lessons were learned.  Join us every month as new guests dive into the glitz, the glamour, and in some cases even the gore that brought these companies down.  Don't miss a minute of Navigating Receiverships.   Navigating Receiverships is a podcast from the Commercial Receivers Association focused on building a better understanding of what brings companies into receivership, what happens in receiverships, what makes them unique, alternatives to receivership, and ultimately what happens to the business after receivership.  Learn more about receiverships at www.commercialreceiver.org.