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Asset Recovery

Fortress Storage Receivership (Milford, Ohio)

New Growth Advisors was recently appointed receiver in Clermont County Common Pleas Court of an operating self-storage facility in Milford, Ohio operating as Milford Fortress Storage after a large, national lender referral. NGA operated this medium sized self-storage operation, increased tenancy and monthly operating cash flow and sold the going-concern business operations and real estate [ Read More ]

Ashley Brooks, Inc. and Golf Course Management (Bethel, Batavia and Amelia, Clermont County, Ohio)

NGA Role • NGA was appointed receiver over two golf courses, a closed manufacturing operation and associated real estate including a residential property on the manufacturing premises. Problem • Need to liquidate the manufacturing operation. • Sell off the manufacturing and residential real estate. • Operate the Batavia golf course and obtain a sale of [ Read More ]

P&D Marble and Granite, LLC (Batavia, Ohio)

NGA Role • NGA was appointed receiver in the Clermont County Common Pleas Court. Problem • This company had ceased operation and its secured creditor had begun foreclosure proceedings. • Secured creditor sought a receiver to secure the real estate and liquidate the personal property and real estate. NGA Solution • NGA secured the premises. [ Read More ]

McGrath Group Management (Cincinnati, Ohio)

NGA Role • NGA was appointed receiver by the Hamilton County Court of Common Pleas to operate this business during the pendency of the dissolution lawsuit before the Court. Problem • Two owners with equal shares of this company were at odds. One had sued the other for dissolution of the company in Common Pleas [ Read More ]

Phoenix Formations, Inc. (Cincinnati, Ohio)

NGA Role • NGA was initially approached by the senior secured creditor in this matter to act as court-appointed receiver to operate the business and liquidate its assets. • NGA was appointed by the Hamilton County Common Pleas Court to maximize the recovery of Phoenix Formations assets for all creditors. Problem • Owner bought out [ Read More ]

Trade Show Display Company (Hebron, KY)

NGA Role • NGA having recently completed the liquidation of Phoenix Formations was sought for this engagement of a similar business. • NGA was engaged as liquidation agent for the secured lender to this defunct business in order to maximize the recovery of asset value. Problem • Trade Show Display Company was shut down when [ Read More ]