Fiduciary Services

Court Appointed Fiduciary Services

A fiduciary is an individual or entity that is empowered to act in the best interests of another party. There are fiduciaries like receivers and an Assignee for Benefit of Creditors. Sugarman & Company, LLP have a great deal of experience serving in all of these different roles, and in addition to the court-appointed assignments, our firm provides other types of fiduciary services.

Representative Case

This case serves as an example of the work that we do as court-appointed fiduciaries. At the request of the primary lender for a $70 million real estate development company, Sugarman & Company, LLP was appointed as Federal Bankruptcy Examiner. Within two weeks, we had made our preliminary report to the court, in which we identified and quantified the major problems facing the company, as well as determined preferences.

We also assessed the use of fraudulent conveyances and reported to the court on the validity of the charges of malfeasance. Ultimately, our analyses became an integral part of the amended disclosure statement filed by the company and were used by the debtor and its creditors in settlement negotiations.

Comprehensive Assistance

We have a wide range of abilities that span the spectrum when it comes to fiduciary services. This is a partial list of the tasks that we routinely undertake for our clients: